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Rich Asplund

Nat-Gas Prices Tumble on Cooler US Temps and Building Inventories

United States Vaisala BNEF EIA Electricity Natural Gas

August Nymex natural gas (NGQ25) on Wednesday closed down by -0.126 (-3.77%).

Aug nat-gas prices on Wednesday tumbled to a 6-week low and settled sharply lower due to cooler US weather forecasts and the outlook for higher nat-gas inventories. Forecaster Vaisala said Wednesday that forecasts shifted cooler in the Midwest for July 14-18 and weather outlooks shifted cooler for the eastern half of the US for July 19-23. The cooler temperatures should reduce nat-gas demand from electricity providers to power air conditioning.

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