Nymex Nat gas prices down with weatherNatural gas fell for the first time in five days in New York as mild weather forecast for the eastern half of the U.S. will cut demand for the furnace fuel.
Above-normal temperatures will cover the country from Texas to New York through Feb. 14, according to MDA Federal Inc.’s EarthSat Energy Weather. The high in Chicago today may reach 64 degrees Fahrenheit (18 Celsius), about 30 degrees above normal. About 72 percent of Midwest households rely on gas for heat.
“Weather is working against you, not for you now,” said Tom Orr, research director at Weeden & Co. in Greenwich, Connecticut.
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www.bloomberg.com/energy