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Rich Asplund

MYSTERIOUS: Nat gas prices plunge on us weather - What They Never Told You

United States Maxar Nymex BNEF Natural Gas

December Nymex natural gas (NGZ24) on Monday plunged by -0.229 (-7.41%).

Dec nat-gas prices on Monday plunged on warmer-than-normal weather forecasts for the US, which would reduce heating demand for nat-gas.  Maxar is forecasting above-normal temperatures in the US for Nov 7-19, with mixed temps for Nov 2-6, when Maxar is forecasting slightly below-normal temps in the West and above-normal temps in the East.

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