Nat-Gas Prices Decline as US Weather Forecasts Turn Warmer

Trader Says NYMEX NatGas Price "Hammer Reversal" Targets $4.88 - Marcellus Drilling News

On Monday, the NYMEX “front month” futures price for natural gas dived, down 20.5 cents (4.5%) in a single day (see 2 NOAA Graphics Drove NYMEX NatGas Price Down 20.5 Cents Yesterday). The reason? A forecast released by NOAA (the National Oceanic and Atmospheric Administration) that shows a warm trend in the Eastern U.S. through...

Nat-Gas Prices Decline as US Weather Forecasts Turn Warmer

December Nymex natural gas (NGZ25 ) on Thursday closed down by -0.076 (-1.67%). Dec nat-gas prices gave up an early advance on Thursday and settled lower as US weather forecasts turned warmer, which could dampen heating demand for nat-gas. Forecaster Atmospheric G2 said Thursday that temperatures shifted warmer over the...