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Barchart
Rich Asplund

Nat-Gas Prices Slip as Above-Normal US Autumn Temps Curb Heating Demand

United States Nymex BNEF Natural Gas

December Nymex natural gas (NGZ24) on Tuesday closed lower by -0.014 (-0.48%)

Dec nat-gas prices Tuesday fell back from a 6-week nearest-futures high and closed slightly lower.  This fall, above-normal temperatures in the US have curtailed heating demand for nat-gas and allowed gas inventories to build, bearish factors for nat-gas prices.  Nat-gas Tuesday initially moved higher after the Commodity Weather Group said forecasts had shifted colder for the central part of the US from November 22-26, which should boost heating demand for nat-gas.  Nat-has prices also had carryover support Tuesday from a rally in European nat-gas prices to an 11-1/2 month high.

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