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Barchart
Rich Asplund

Nat-Gas Prices Sink on Warm US Weather Forecasts

United States NatGasWeather Nymex BNEF EIA Natural Gas

February Nymex natural gas (NGG26) on Friday closed down -0.238 (-6.99%),

Feb nat-gas prices added to this week's sell-off on Friday, dropping to a 2.5-month nearest-futures low.  Forecasts of warmer US weather that will reduce nat-gas heating demand and allow storage levels to rebuild are undercutting prices.   Forecaster NatGasWeather said Friday that forecasts are warming across most of the US for January 9-15, with temperatures shifting even warmer across most of the country for January 16-23.  

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