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Rich Asplund

Nat-Gas Prices Sink on the Outlook for Cooler US Temps and Higher Gas Production

United States Vaisala Electricity Baker Hughes BNEF Natural Gas

August Nymex natural gas (NGQ25) on Monday closed down -0.240 (-6.73%).

Aug nat-gas prices plunged to a 1-week low Monday on the outlook for cooler US temperatures, which will curb nat-gas demand from electricity providers to provide increased air-conditioning usage. Forecaster Vaisala said forecasts shifted cooler in the West for July 26-30, and an active storm track could signal cooler risks in the Midwest and Northeast for July 31 to August 4.

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