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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Weighed Down by Expectations of Reduced Demand from Hurricane Milton

November Nymex natural gas (NGX24) on Tuesday closed down by -0.013 (-0.47%).

Nov nat-gas prices Tuesday extended Monday's sharp losses to a 2-week low and closed slightly lower.  Nat-gas prices are under pressure on the outlook for demand destruction from Hurricane Milton.  The hurricane has strengthened into a powerful Category 4 storm and will likely knock out electricity in much of Florida and reduce gas demand from power plants to produce electricity.    

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