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Rich Asplund

MYSTERIOUS: Nat gas prices pressured as warm spring temps boost us inventories - What They Never Told You

United States Commodity Weather Group Nymex BNEF Natural Gas

May Nymex natural gas (NGK25) on Tuesday closed down by -0.009 (-0.30%).

May nat-gas prices on Tuesday extended their 3-week sell-off to a 5-month nearest-futures low.  Warmer-than-normal US spring temperatures have reduced heating demand and bolstered US nat-gas inventories, undercutting nat-gas prices.  On Tuesday, the Commodity Weather Group said forecasts shifted warmer for the Midwest and eastern parts of the US for April 27-May 1.

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