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Barchart
Rich Asplund

Nat-Gas Prices Under Pressure as U.S. Temperatures Shift Warmer

United States NatGasWeather Nymex BNEF Natural Gas

December Nymex natural gas (NGZ23) on Monday closed down -0.061 (-2.14%).

Nat-gas prices Monday dropped to a 2-month nearest-futures low and closed moderately lower.   Forecasts for warmer U.S. weather that curb heating demand for nat-gas are undercutting prices.  NatGasWeather on Monday said that weather forecasts for most of the U.S. were shifting warmer from Dec 3-10.  Also, ramped-up U.S. nat-gas production is weighing on prices.  

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