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Rich Asplund

Nat-Gas Prices Tumble as US Weather Forecasts Cool

United States Nymex BNEF Electricity Natural Gas EIA

July Nymex natural gas (NGN26) on Monday fell -0.082 (-2.54%).

Nat-gas prices tumbled to a 1-week low on Monday and settled sharply lower. Prices fell Monday as shifting US weather forecasts to milder conditions in the second half of June could reduce nat-gas demand from electricity providers to generate power for air-conditioning. On Monday, forecaster Vaisala said forecasts shifted cooler in the eastern two-thirds of the US for June 13-17, and forecasts also trended cooler for June 18-22.

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