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Rich Asplund

UNBELIEVABLE: Nat gas prices retreat on above normal us temps - The Untold Story

United States Commodity Weather Group Nymex Natural Gas BNEF EIA

May Nymex natural gas (NGK26) on Monday closed down -0.021 (-0.79%).

Nat-gas prices retreated on Monday, sinking to a 17-month low.  Forecasts for above-normal temperatures that reduce nat-gas heating demand and expand US gas storage levels are weighing on prices.  The Commodity Weather Group said Monday that above-average temperatures are expected across the eastern two-thirds of the US through April 17, with seasonally normal weather now expected across the US from April 18-27.

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