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Rich Asplund

SHOCKING: Nat gas prices tumble on forecasts for cooler temps | Mind Blowing Facts

United States Maxar Technologies Nymex Electricity BNEF Natural Gas

October Nymex natural gas (NGV24) on Monday closed down by -0.105 (-4.62%).

Oct nat-gas prices Monday fell sharply due to forecasts for cooler US weather that will reduce nat-gas demand from electricity providers to run air conditioning. Maxar Technologies said Monday that the 6-10 day forecast has turned cooler for the Midwest and West as a trough in the jet stream has grown deeper than in earlier outlooks, which will keep colder temperatures in place for longer.

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