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Barchart
Rich Asplund

Nat-Gas Prices Slump as Warm Early-Autumn Temps Curb Heating Demand

Nymex United States Natural Gas BNEF EIA

October Nymex natural gas (NGV23) on Wednesday closed -0.115 (-4.04%).

Nat-gas prices on Wednesday tumbled on the outlook for warmer-than-normal temperatures to curb heating demand for nat-gas.  WSI Trader said above-normal temperatures and lack of cool air in the northern states are expected to support much lower than average early-season demand for nat-gas to run heaters in the central and northern parts of the U.S. from Sep 25-29.

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