Warm US Temps and Sinking Crude Prices Weigh on Nat-Gas Prices

May Nymex natural gas (NGK26 ) on Wednesday closed down -0.146 (-5.09%). Nat-gas prices tumbled to a 7.5-month nearest-futures low on Wednesday and settled sharply lower. Above-normal US weather forecasts that reduce nat-gas heating demand are weighing on nat-gas prices. The Commodity Weather Group said that above-average temperatures are expected...Natural gas burnoff refinery by Leonid Eremeychuk via iStock