US natural gas futures slide to five-week low on softer demand outlook

Natural gas futures fell near $4.30/MMBtu, a five-week trough, as milder weather and ample supply weighed on demand forecasts and storage levels.

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US natural gas futures slide to five-week low on softer demand outlook

US natural gas futures slide to five-week low on softer demand outlook
U.S. natural gas futures dropped about 7% to below $4.30 per million British thermal units (MMBtu), marking a five-week low as milder weather forecasts reduced expected heating demand and supply remained abundant. Production in the Lower 48 states climbed above November’s record levels, boosting inventories about 3% above seasonal norms. 
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  • commodities
  • energy