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Rich Asplund

Nat-Gas Prices Tumble as Warm Temps May Boost U.S Nat-Gas Inventories

Atmospheric G2 Nymex United States BNEF Natural Gas

November Nymex natural gas (NGX23) on Monday closed -0.089 (-3.04%).

Nat-gas prices Monday fell sharply.  The outlook for seasonal U.S. autumn temperatures that limit heating demand for nat-gas is weighing on prices.  Forecaster Atmospheric G2 said mild weather is expected for the central U.S., with "cool and comfortable" temperatures in Texas from October 7-11.  EBW Analytics Group said the "mild weather may add to the weight of elevated supply and a robust storage outlook heading into the end of the 2023 injection season."

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