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Barchart
Barchart
Rich Asplund

FORGOTTEN HISTORY: Nat gas prices retreat on forecasts for cooler us temps - Caught on Camera

United States Nymex Electricity BNEF Natural Gas

October Nymex natural gas (NGV24) on Tuesday closed down by -0.049 (-2.06%).

Oct nat-gas prices Tuesday fell back from a 2-1/4 month high and settled moderately lower.  Long liquidation emerged in nat-gas futures Tuesday on the outlook for cooler US temperatures, which will curb nat-gas demand from electricity providers to run air conditioning.  Forecaster Maxar Technologies said Tuesday that the 11-15 day forecast for the Eastern half of the US is trending cooler compared to previous outlooks.  

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