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Rich Asplund

UNBELIEVABLE: Nat gas prices fall back on forecasts for cooler u s temps | History Defined

United States Maxar Technologies Nymex Electricity BNEF EIA Natural Gas NorthEast

Aug Nymex natural gas (NGQ23) on Wednesday closed -0.026 (-0.99%).

Nat-gas prices Wednesday posted moderate losses on the outlook for cooler U.S. temperatures, which will reduce nat-gas demand from electricity providers to power increased air-conditioning usage. Forecaster Maxar Technologies said cooler temperatures are expected in the Northeast next week, even as near-record high temperatures linger in the Southwest.

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