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Nat-Gas Prices Fall on Forecasts for Cooler US Weather

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Nymex natural gas ( NGN25 ) on Tuesday closed down by -0.161 ( -4.35% ) July nat-gas prices Tuesday fell for a third consecutive session and sank to a 1-week low.

Forecasters say forecasts for cooler US temperatures could reduce demand from electricity providers to run air conditioning.

An easing of geopolitical risks pushed natural-gas price lower on Tuesday following the announcement of a ceasefire between Israel and Iran .