Aug Nymex natural gas (NGQ23) on Monday closed -0.027 (-1.06%).
Nat-gas prices Monday fell for the fourth consecutive session and posted a 1-month low. Bearish factors included a mixed weather forecast and ample U.S. nat-gas supplies. Forecaster Atmospheric G2 said above-normal temperatures are expected for the southwestern U.S. this week, but the South and Northwest will see normal to below-normal temperatures. The mixed weather forecast should curb nat-gas demand from electricity providers to run air conditioning. In addition, nat-gas prices were under pressure from negative carryover from a slide in European gas prices Monday to a 6-week low.
