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Barchart
Rich Asplund

Nat-Gas Prices Slide on a Cooler U.S. Weather Outlook

United States Commodity Weather Group Nymex Electricity BNEF Natural Gas Texas

July Nymex natural gas (NGN23) on Friday closed down -0.098 (-4.17%).

July nat-gas prices Friday closed sharply lower as the U.S. weather outlook shifts cooler, reducing nat-gas demand from electricity providers to power air-conditioning.  The Commodity Weather Group said that while Texas will see above-normal temperatures over the next two weeks, the rest of the U.S. will see below-normal temperatures.

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