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Rich Asplund

Nat-Gas Prices Sink on the Outlook for Weaker US Demand

United States Nymex BNEF EIA Natural Gas

October Nymex natural gas (NGV26) on Wednesday closed down -0.094 (-3.22%).

Nat-gas prices tumbled to a 2-week low on Wednesday and settled sharply lower. Nat-gas prices fell Wednesday as forecasts for warmer US weather to begin the fall season could potentially curb heating demand for nat gas. The Commodity Weather Group said Wednesday that forecasts shifted to hotter, with above-average temperatures expected across the South and Southeast through September 18.

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