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Barchart
Barchart
Rich Asplund

UNCOVERED: Nat gas prices drop as u s weather forecasts turn cooler - Caught on Camera

June Nymex natural gas (NGM23) on Thursday closed down -0.091 (-3.79%).

Jun nat-gas Thursday fell to a 1-1/2 week low and closed moderately lower as updated U.S. weather forecasts turned cooler, curbing nat-gas demand from electricity suppliers to power air conditioning.  Forecaster Atmospheric G2 said temperatures across the eastern half of the U.S. are expected to be above average next week but will likely turn cooler the following week.  Nat-gas prices were also weighed down on negative carryover from Thursday's plunge in European gas prices to a 23-month low.

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