August Nymex natural gas closed down 2.20%, extending losses due to cooler US temperatures reducing demand for air conditioning. Forecasts show a shift to milder conditions. Higher US nat-gas production also weighs on prices, with active drilling rigs at a 17-month high. Gas inventories are adequate, and European storage is at 65% full.

Read more at Yahoo Finance: Forecasts for Milder US Weather Weigh on Nat-Gas Prices