The U.S. Henry Hub natural gas contract continued to sell off on Wednesday afternoon after having recorded steep losses at the beginning of the week. At 4:25 PM CT, front-month natural gas futures had fallen below $6 per MMBtu, trading at $5.865 per MMBtu, some 4.45% lower than at the beginning of the trading session.
Forecasts for less cold weather in late November have fueled a crash in natural gas prices, but there are plenty more reasons to be bearish about the commodity. Mild temperatures at the start of the heating season in the U.S.…Natural Gas Prices Slide As Bearish News Continues To Mount
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