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Rich Asplund

Nat-Gas Prices Slip as U.S. Weather Forecasts Turn Warmer

United States Commodity Weather Group Nymex BNEF Natural Gas

November Nymex natural gas (NGX23) on Thursday closed -0.033 (-0.98%).

Nat-gas prices on Thursday closed moderately lower as updated weather forecasts called for warmer U.S. temperatures, which will reduce heating demand for nat-gas.  The Commodity Weather Group said above-normal temperatures are expected in the western U.S. from October 17-21, with mild temperatures in the central and northeastern U.S.  Losses in nat-gas prices were limited Thursday by carryover support from a rally in European nat-gas prices to a 7-month high.

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