West cash prices fall amid rising temperatures

摘要

US West natural gas spot prices fell in Wednesday trading amid normalto warmer-than-average temperature outlook.In the US Pacific Northwest, Opal dived 38 cents day on day to$2.34/MMBtu while Northwest Wyoming Pool dropped 40 cents to$2.32/MMBtu for flows Thursday. Prices fell more than 25 cents onaverage across all indexes in the region as temperatures return toseasonal norms and demand came off from recent highs.Average temperature in Denver are forecast to be around 30degrees Thursday, according to the National Weather Service, 9degrees above the seasonal norms for this time of the year. Total Westdemand is set to total 14.2 Bcf Thursday, down 300 MMcf on the day,according to S&P Global Platts Analytics.