The U.S. benchmark natural gas price plunged on Tuesday by as much as 10% to the lowest level since September 2020 due to milder weather and consequently lower demand. After Tuesday’s slump, the gas price at the Henry Hub fell to around $2.043 per million British thermal units (MMBtu) early on Wednesday, down by 1.
59%. The plunge in prices has been significant in recent weeks due to a mild start to January, consistently high supply, and the outage at the Freeport LNG export facility. Mild weather and high production continue to…U.S. Natural Gas Prices Have Plunged By Nearly 80% Since August
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