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Rich Asplund

Nat-Gas Prices Tumble as US Weather Forecasts Cool

United States Nymex Electricity Baker Hughes BNEF EIA Natural Gas

August Nymex natural gas (NGQ25) on Wednesday closed down -0.175 (-5.38%).

Aug nat-gas prices added to this week's sharp losses on Wednesday and dropped to a 2.75-month low due to forecasts for cooler US weather, which would curb nat-gas demand from electricity providers for air conditioning usage. Forecaster Atmospheric G2 said Wednesday that forecasts shifted generally cooler across the US for August 2-6.

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