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Rich Asplund

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

Nymex Electricity United States Midwest BNEF EIA Natural Gas

September Nymex natural gas (NGU23) on Wednesday closed -0.083 (-3.24%).

Nat-gas prices Wednesday extended Tuesday's losses to a 6-week low and settled moderately lower.  Gas prices are under pressure on the outlook for cooler weather in the Midwest and East Coast, which would reduce nat-gas demand from electricity providers to power air conditioning.   Forecaster Maxar Technologies said cooler temperatures are expected to move into the Midwest and East Coast between August 7-11.

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