Natural Gas Plunges over 12% As Extreme Volatility Continues ...Middle East

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Natural Gas Plunges over 12% As Extreme Volatility Continues
source : OILPRICE ( Middle East ) () 44
Forecasts for milder weather and lower heating demand have seen natural gas prices plummeting by over 12% on Monday, after a strong rally on Friday to five-week high.  At 10:07 a.m. EST on Monday, front-month gas futures for April delivery were down 12.30% to $2.639 per million British thermal units, the biggest drop since January 30th, when nat gas prices shed 14%.  The large drop comes only days after Freeport LNG boosted exports at its Texas plant after reopening last month following a shutdown that had lasted for eight months. At…

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