Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Natural Gas Futures Drop 8% amid Milder Weather Forecast

Sun 17 Mar 2024 | 11:10 PM
Taarek Refaat

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.