Natural Gas Slumps To Three Week Low On Demand Concerns

5 Dec 2022 , 09:55 AM

The US Natural Gas futures slumped today as a drop under $6 per mmbtu extended and traders eyed forecasts for less cold weather in the US over coming days. The commodity has lost 6.40% to trade at a three week low of $5.88 per mmbtu. Prices fell on Friday after Freeport LNG delayed the expected restart of its export plant to the end of the year from mid December, pending regulatory approval.Powered by Commodity Insights