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Rich Asplund

EXPLAINED: Warm us weather knocks nat gas prices sharply lower - The Real Truth

United States April Nymex Commodity Weather Group Natural Gas BNEF EIA

April Nymex natural gas (NGJ26) on Monday closed down -0.204 (-6.59%).

Nat-gas prices tumbled to a 3-week low on Monday and settled sharply lower. The outlook for warmer US weather, which will reduce nat-gas heating demand, is weighing on prices. The Commodity Weather Group on Monday said forecasts shifted warmer, with above-average temperatures expected across the western two-thirds of the US through April 1.

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