U.S. Natural Gas Futures Slide to 5-Week Low on Warm Midwest

Tumbling gas futures reflect traders’ concern that another no-show winter will leave a glut of the fuel in storage, weighing on prices next year. While declining production from shale basins and record demand from power plants has helped to narrow a supply surplus, stockpiles remain above normal.

Gas futures for November delivery fell 10.6 cents, or 3.5 percent, to $2.887 per million British thermal units at 10:20 a.m. on the New York Mercantile Exchange. Prices earlier dropped to $2.852, the lowest since Sept. 15. Futures capped the biggest one-week drop since February last week, according to Bloomberg.

nat_gas_chart

3 thoughts on “U.S. Natural Gas Futures Slide to 5-Week Low on Warm Midwest”

  1. It is the best time to make some plans for the future and
    it’s time to be happy. I have read this put up and if I may I want to counsel you some interesting issues or advice.
    Perhaps you can write next articles relating to this article.
    I wish to learn even more things about it!

Leave a Reply

Your email address will not be published. Required fields are marked *