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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Slip on Weak European Gas Prices and Seasonable US Temps

United States Europe Nymex BNEF EIA Electricity Natural Gas

October Nymex natural gas (NGV24) on Wednesday closed down by -0.058 (-2.63%).

Oct nat-gas prices Wednesday fell back from a 1-1/2 week high and settled moderately lower.  A slump in European nat-gas prices to a 1-month low Wednesday sparked long liquidation in US nat-gas futures.   Nat-gas prices also fell on forecasts for seasonal temperatures for most of the US over the next ten days, reducing nat-gas demand from electricity providers to power air conditioning.

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