October Nymex natural gas (NGV26) on Thursday closed down -0.043 (-1.45%).
Nat-gas prices fell from a 1.75-month nearest-futures high on Thursday and settled lower as US domestic supplies remain abundant. Nat-gas prices initially moved higher on Thursday after weekly EIA inventories rose +30 bcf, below expectations of +32 bcf. Also, the outlook for hot US weather to boost nat-gas demand from electricity providers to power increased air-conditioning use supported prices. According to forecaster Vaisala, forecasts shifted hotter in the central US for September 8-12, and that above-normal temperatures are forecast to be widespread for the September 13-17 period.
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October Nymex natural gas (NGV26) on Wednesday closed up +0.052 (+1.79%).
Nat-gas prices settled higher on Wednesday as hotter US weather is expected to boost nat-gas demand from electricity providers as air-conditioning use increases. According to forecaster Vaisala, forecasts trended hotter across the Midwest and East for September 7-11 and shifted warmer in the Midwest for September 12-16.
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October Nymex natural gas (NGV26) on Tuesday closed down -0.031 (-1.06%).
Nat-gas prices settled lower on Tuesday as US weather forecasts turned cooler, potentially reducing nat-gas demand from electricity providers to power air-conditioning. According to forecaster Vaisala, temperatures are expected to fall below normal in the Northeast at the beginning of this weekend.
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September Nymex natural gas (NGU26) on Friday closed up +0.006 (+0.22%).
Nat-gas prices closed higher on Friday as forecasts indicated warm US weather in the final weeks of August, which would boost nat-gas demand from utilities to meet increased air-conditioning demand. Commodity Weather Group is forecasting above-normal temperatures across the South in particular through the end of August. Vaisala is forecasting above-normal temperatures for the West for Aug 22-26.
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July Nymex natural gas (NGN26) on Monday fell -0.082 (-2.54%).
Nat-gas prices tumbled to a 1-week low on Monday and settled sharply lower. Prices fell Monday as shifting US weather forecasts to milder conditions in the second half of June could reduce nat-gas demand from electricity providers to generate power for air-conditioning. On Monday, forecaster Vaisala said forecasts shifted cooler in the eastern two-thirds of the US for June 13-17, and forecasts also trended cooler for June 18-22.
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