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Rich Asplund

Warm US Autumn Temps Weigh on Nat-Gas Prices

United States Commodity Weather Group Nymex Natural Gas BNEF EIA

November Nymex natural gas (NGX26) on Friday closed down -0.120 (-3.71%).

Nat-gas prices retreated on Friday and fell to a 1.5-week low. Nat-gas prices were pressured by the outlook for mild US autumn temperatures to reduce heating demand for nat-gas. The Commodity Weather Group forecasts above-normal temperatures for the eastern two-thirds of the US through the end of this month.

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