April Nymex natural gas (NGJ23) on Thursday closed down -0.017 (-0.78%).
Apr nat-gas Thursday gave up an early advance and settled moderately lower. Robust nat-gas supplies are undercutting prices, with U.S. nat-gas inventories +22.7% above their 5-year average as of March 17. Nat-gas prices Thursday initially moved higher on the outlook for colder U.S. temperatures to boost heating demand for nat-gas. Forecaster Atmospheric G2 said below-normal temperatures are expected across most of the northern and western U.S. from March 28-April 1.
