Daily Market Update Natural-gas prices slid to a nearly - TopicsExpress

Daily Market Update Natural-gas prices slid to a nearly eight-month low as another sweep of unseasonably cool weather across the U.S. is expected to keep a lid on demand. Natural gas prices have slid 24% since mid-June as cooler-than-normal temperatures have reined in the use of power-thirsty air conditioning. In the hotter months of summer, rising electricity consumption has spurred power plants natural-gas demand. This year, the lack of that additional demand has resulted in a rapid buildup of natural-gas supplies, which has weighed on prices. Natural gas for August delivery dropped 10.2 cents, or 2.6%, to $3.849 a million British thermal units on the New York Mercantile Exchange. Mondays close was the lowest since Nov. 26.

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