October Nymex natural gas (NGV26) on Wednesday closed down -0.028 (-0.96%).
Nat-gas prices retreated from a 1-week high on Wednesday and settled lower as a decline in European nat-gas prices to a 1-week low sparked long liquidation in US nat-gas futures. Nat-gas prices initially rose on Wednesday on the outlook for above-average US temperatures, which should boost nat-gas demand from electricity providers as air conditioning use is expected to increase. The Commodity Weather Group said Wednesday that above-average temperatures are expected across the South and Southeast through September 25.