November Nymex natural gas (NGX23) on Friday closed -0.058 (-1.96%).
Nat-gas prices on Friday declined for the eighth consecutive session, the longest losing streak in four years, and posted a 2-1/2 week low. Negative carryover from Thursday weighed on nat-gas prices after weekly EIA nat-gas inventories rose +97 bcf, much higher than expectations of +83 bcf. Nat-gas prices are also weighed down by warmer weather that is expected in much of the eastern U.S., while weather in the western U.S. is cooler, cutting nat-gas demand for heating and air conditioning. Maxar Technologies said the remnants of the West Pacific Typhoon Bolaven will keep temperatures cooler along the West Coast over the next two weeks and warmer in the eastern two-thirds of the U.S.
