Natural Gas Prices Fall to $2.33 Per Million BTUs

- January 19th, 2012

CNBC reported that natural gas futures plunged to a new ten year low on Thursday.

CNBC reported that natural gas futures plunged to a new ten year low on Thursday.

As quoted in the market news:

Natural gas futures [NGCV1 2.309 -0.163 (-6.59%)] touched $2.33 per million BTUs Thursday, the lowest price for the front month contract since March, 2002. The U.S. Energy Information Administration reported that total domestic gas inventories fell by 87 billion cubic feet, less than expected, to 3.290 trillion cubic feet.

Click here to read the full CNBC report.

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