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Rich Asplund

Nat-Gas Prices Weighed Down by Cooler U.S. Weather Forecasts

Nymex The Commodity Weather Group United States Electricity Natural Gas BNEF EIA

October Nymex natural gas (NGV23) on Wednesday closed -0.072 (-2.79%).

Nat-gas prices on Wednesday extended Tuesday's sharp decline to a 2-week low. Nat-gas prices were undercut by forecasts for cooler-than-normal U.S. temperatures that would reduce nat-gas demand from electricity providers to run air conditioning. The Commodity Weather Group said normal to below-normal temperatures are seen in the eastern two-thirds of the U.S. from September 11-20.

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