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Rich Asplund

Nat-Gas Prices Tumble on Forecasts for Cooler US Temps

United States Maxar Technologies Nymex Electricity BNEF EIA Natural Gas

July Nymex natural gas (NGN24) on Thursday closed down by -0.168 (-5.78%).

July nat-gas prices Thursday fell to a 2-week low and finished sharply lower. Nat-gas prices retreated Thursday after updated weather forecasts shifted cooler, which will curb nat-gas demand from electricity providers to power air-conditioning. Maxar Technologies said Thursday that cooler temperatures will develop in the East and Midwest from June 25-29.

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