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Barchart
Rich Asplund

Nat-Gas Prices Sink to 3-3/4 Year Low on Abundant Supplies

United States Nymex BNEF Freeport Natural Gas

April Nymex natural gas (NGJ24) on Tuesday closed down by -0.040 (-2.38%).

April nat-gas prices Tuesday sank to a 3-3/4 year nearest-futures low.  Nat-gas prices have been hammered over the past two months.  The overly warm winter in the northern hemisphere and the outlook for warm early spring US temperatures have reduced heating demand and boosted nat-gas inventories.  Maxar Technologies said on Monday that forecasts have trended warmer in the southern half of the US, with above-normal temperatures expected from March 30 to April 3.  

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