Dow Jones - Natural Gas Falls On Cooler Weather

DJ Natural Gas Falls on Cooler Weather



  By Nicole Friedman


  NEW YORK--Natural gas prices slid Monday as weather forecasts called for cool temperatures in the next two weeks,
lowering demand expectations.

  Futures for September delivery recently fell 6.1 cents, or 2.2%, to $2.740 a million British thermal units on the New
York Mercantile Exchange.

  Weather outlooks released late Sunday showed "a surge of cooling this week into the Midwest and Deep South,"
according to Commodity Weather Group LLC. Below-normal temperatures at this time of year reduce demand for
natural-gas-powered electricity to run air-conditioning units.

  "So far this summer, hotter-than-expected weather has repeatedly boosted natural gas," said Andy Weissman, chief
executive of EBW AnalyticsGroup, in a note. "This bullish streak, however, has most likely played itself out, setting
the stage for significant price declines over the next week to 10 days."

  Physical gas for next-day delivery at the Henry Hub in Louisiana last traded at $2.77/mmBtu, compared with Friday's
range of $2.82-$2.8375. Cash prices at the Transco Z6 hub in New York last traded at $2.88/mmBtu, compared with
Friday's range of $2.85-$2.97.


  Write to Nicole Friedman at nicole.friedman@wsj.com


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  (END) Dow Jones Newswires

  August 17, 2015 10:32 ET (14:32 GMT)

  Copyright (c) 2015 Dow Jones & Company, Inc.

081715 14:32 -- GMT
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