Natural gas futures slipped lower today as forecasts showed the potential for moderate, seasonal weather in the US Northeast and Midwest, limiting demand for the power-generation fuel

摘要

US temperatures will be in a normal range through Sep. 16 after being above normal last week, according to Commodity Weather Group. Based on today's lower close, indicators suggest that October gas prices are likely to test the $3.60s or lower in coming days."It's not very likely that we're going to see notably hot weather around the US this week, which is a bearish catalyst in itself," said a gas futures trader in Ohio. "Plus, even though we're in the peak of the hurricane season, there's no tropical storm or hurricane threats at the moment that are ominous enough to be supportive for gas prices."