Natural Gas Prices Plummet on Warmer February Forecast ...Middle East

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Natural Gas Prices Plummet on Warmer February Forecast
source : OILPRICE ( Middle East ) () 29
Natural gas prices in the United States dropped by 17% in Asian trade on Monday, driven by forecasts for milder weather in the coming weeks. Data from the National Oceanic and Atmospheric Administration cited by Bloomberg suggests that while most of the U.S. remains in the grip of cold winter weather, this is about to change, with parts of the country expected to see warmer-than-usual weather later this month. Earlier this month, U.S. natural gas soared 117% over just five days amid the cold spell that led to a surge in the demand for heating and…

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