Last week, U.S. natural gas futures saw a notable decrease, dropping over 8% for a second consecutive weekly loss.
The downturn was primarily driven by forecasts for milder weather, which is expected to reduce heating demand.
For the week-ending March 15, natural gas settled at $1.655, down $0.15 or -8.31%.
Meantime, EIA predicts extended low natural gas prices for US market in 2024.
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