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Bloomberg reported that natural gas futures slid to a 15-week low on Monday due to an unseasonably warm weather forecast for the beginning of December.
Bloomberg reported that natural gas futures slid to a 15-week low on Monday due to an unseasonably warm weather forecast for the beginning of December.
As quoted in the market report:
Futures dropped as much as 4.6 percent after companies including Commodity Weather Group LLC predicted above-normal temperatures for the lower 48 states over the next six to 10 days. Gas rose to a 13-month high last week after the Energy Department reported a bigger-than-expected inventory decline and forecasts showed colder weather in early December.