Energy

U.S. natural gas sinks, on track for worst month in three years

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A liquid natural gas (LNG) storage silo at the LNG terminal, operated by LNG Croatia LLC, in Krk, Croatia, on Monday, Jan. 25, 2021.

Petar Santini | Bloomberg | Getty Images

U.S. natural gas futures slid Tuesday to the lowest level in more than two months as warmer-than-expected winter forecasts sent prices tumbling.

The contract for January delivery fell as much as 7% to trade at $4.51 per million British thermal units (MMBtu). The weakness builds on Monday’s drop, which saw the contract settle 11.37% lower at $4.85 per MMBtu.

Over the last two sessions, futures are down more than 17%.

“The weather outlook for the core heating demand months of the winter (December, January, February)…



Source cnbc.com

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