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Barchart
Barchart
Rich Asplund

YOU WONT BELIEVE: Nat gas prices fall on warm u s temps - You Need To See This

April Nymex natural gas (NGJ23) on Wednesday closed down -0.039 (-1.92%).

Apr nat-gas prices Wednesday tumbled to a 2-1/2 year nearest-futures low as a warming U.S. temperature outlook signals weaker heating demand for nat-gas.  Forecaster Atmospheric G2 said above-normal temperatures are seen blanketing the central and eastern U.S. from April 3-7.  However, nat-gas prices recovered from their worst levels on signs of strong foreign demand for U.S. nat-gas supplies after LNG net flows to U.S. LNG export terminals Wednesday rose to a record 14.2 bcf/day.

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