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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Nat gas prices fall on forecasts for cooler us temps - The Untold Story

United States Nymex BNEF Electricity Natural Gas

July Nymex natural gas (NGN25) on Friday closed down by -0.142 (-3.56%).

July nat-gas prices on Friday retreated from a 2-1/2 month nearest-futures high and settled sharply lower.  Long liquidation pressures pushed nat-gas prices lower on Friday, as forecasts for US weather to return to normal from excessive heat starting next month could potentially curb nat-gas demand from electricity providers to run air conditioning.  The Commodity Weather Group on Friday said mostly normal temperatures are expected across the eastern two-thirds of the US for June 30-July 4.  

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