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Barchart
Rich Asplund

Nat-Gas Prices Tumble on the Outlook for Cooler Midwest Temps

Midwest Nymex Electricity United States BNEF EIA Natural Gas

Sep Nymex natural gas (NGU24) on Wednesday closed down -0.090 (-4.23%).

Sep nat-gas prices on Wednesday closed sharply lower but remained above Tuesday's 3-month nearest futures low.  Forecasts for cooler temperatures in the Midwest that will curb nat-gas demand from electricity providers to power air conditioning weighed on prices.  NatGasWeather.com said Wednesday that a high-pressure system will keep temperatures hot in Texas and California but will keep temperatures seasonal in the Midwest for August 7-14.  

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