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Barchart
Rich Asplund

Nat-Gas Prices Slump a Second Day on Weak Domestic Demand and Ample Supplies

Atmospheric G2 Nymex United States Natural Gas BNEF Canada EIA

October Nymex natural gas (NGV23) on Thursday closed -0.123 (-4.50%).

Nat-gas prices on Thursday tumbled for a second day on the outlook for warmer-than-normal temperatures to curb heating demand for nat-gas.  Forecaster Atmospheric G2 said the middle of the U.S. and much of Canada are expected to be warmer than normal for the rest of this month, resulting in below-average heating demand for nat-gas.   Weekly EIA nat gas inventories rose +64 bcf, close to expectations of +65 bcf.

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