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Barchart
Rich Asplund

Nat-Gas Prices Slip on Ample Supplies and Warm U.S. Temps

EIA United States Nymex BNEF Natural Gas

January Nymex natural gas (NGF24) on Thursday closed down -0.002 (-0.07%).

Nat-gas prices Thursday moved lower for the fifth consecutive session and posted modest losses.  An unexpected build in weekly EIA nat-gas inventories on Thursday pressured prices.  The EIA reported that nat-gas inventories rose +10 bcf last week versus expectations of a -6 bcf draw.  Forecasts for milder U.S. weather that would curb heating demand for nat-gas are also weighing on prices.  Forecaster Atmospheric G2 said Thursday that temperatures will be generally above normal over most of North America over the next 10+ days.  

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