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Rich Asplund

Nat-Gas Prices Slump on Above-Normal US Temps

United States Nymex The Commodity Weather Group Natural Gas BNEF EIA

May Nymex natural gas (NGK26) on Monday closed down -0.138 (-4.56%).

Nat-gas prices fell sharply on Monday amid forecasts of warmer US temperatures, potentially curbing nat-gas heating demand and boosting nat-gas storage levels. On Monday, the Commodity Weather Group said forecasts shifted warmer in the eastern half of the US, with above-average temperatures expected from March 30-April 3 and April 3-13.

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