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Rich Asplund

Nat-Gas Prices Tumble as Warm US Temps Should Rebuild Inventories

United States Nymex BNEF EIA Natural Gas

May Nymex natural gas (NGK25) on Wednesday closed down by -0.082 (-2.46%).

May nat-gas prices on Wednesday tumbled to a 2-1/2 month low and settled moderately lower.  The outlook for warm spring US temperatures that will curb heating demand and allow nat-gas inventories to rebuild is weighing on prices.  The Commodity Weather Group said Wednesday that forecasts shifted warmer for the east, the west, and the Plains for April 21-25.  

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