
November Nymex natural gas (NGX24) on Monday closed down by -0.138 (-5.24%).
Nov nat-gas prices Monday tumbled to a 3-week nearest-futures low and closed sharply lower. Forecasts for warmer US temperatures that will reduce heating demand for nat-gas are weighing on prices. Forecaster Maxar Technologies said Monday that forecasts shifted warmer for the Midwest and eastern part of the US for October 19-23. Also, fuel demand concerns are undercutting nat-gas prices. As of Monday afternoon, about 400,000 people in Florida were still without power due to outages caused by Hurricane Milton, reducing nat-gas demand from electricity providers.