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Barchart
Rich Asplund

Nat-Gas Prices Slide on a Bearish US Weather Outlook

United States Nymex BNEF EIA Natural Gas

November Nymex natural gas (NGX25) on Tuesday closed down by -0.090 (-2.89%).

Nov nat-gas prices tumbled to a 3-week low on Tuesday and settled sharply lower.   Prices are under pressure as forecasts for mild US weather through late October are expected to limit heating demand for nat-gas.  On Tuesday, the Commodity Weather Group reported that above-normal temperatures are expected across most of the eastern half of the US for October 19-23.

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