HomeMarket NewsWinter Chill Fails to Ignite U.S. Natural Gas Prices

Winter Chill Fails to Ignite U.S. Natural Gas Prices

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U.S. natural gas futures took a nosedive Tuesday, hitting a two-month low. Forecasts showing less severe cold weather for the next two weeks dampened heating demand, throwing cold water on market sentiment.

Although a temporary surge in demand is expected within the next couple of days, the outlook for the rest of the week points to milder weather, tilting market control in favor of the bears as long as Jan 2024 trades under $3, as suggested by NatGasWeather.com.

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