NYMEX Price Slips Below $5 on Warm Weather Forecast

The benchmark NYMEX natural gas futures price at the Henry Hub lost ground for the second day yesterday, slipping below $5/MMBtu for the first time in nearly a month. The NYMEX was down 69.80 cents or 12.27% over the last two trading sessions. Ouch. However, we shouldn't be surprised. And we don't expect it to stay down long. The main reason for the loss is the weather--as in the forecast says we can expect warmer weather will be with us, at least in the northeast, until early November.

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