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Rich Asplund

Warmer US Weather Forecasts Knock Nat-Gas Prices Lower

United States Nymex BNEF EIA Natural Gas

January Nymex natural gas (NGF26) on Tuesday closed down by -0.081 (-1.65%).

Jan nat-gas prices fell from a 3-year nearest-futures high on Tuesday and settled sharply lower. Long liquidation pressures emerged on Tuesday to knock nat-gas prices lower after updated US weather forecasts turned warmer, potentially reducing nat-gas heating demand. Forecaster Atmospheric G2 on Tuesday said that forecasts shifted warmer in the eastern and southern US for December 12-16.

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