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Rich Asplund

Nat-Gas Prices Slump as Warm US Temps Expected to Boost Inventories

United States Vaisala Nymex BNEF EIA Natural Gas

June Nymex natural gas (NGM25) on Wednesday closed down by -0.155 (-4.25%).

June nat-gas prices on Wednesday tumbled to a 1-week low and settled sharply lower. Forecasts for mild US spring temperatures that will reduce demand for air-conditioning are weighing on nat-gas prices. Forecaster Vaisala said Wednesday that weather forecasts shifted cooler for May 19-23 in the US East and Midwest.

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