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Rich Asplund

Nat-Gas Prices Plunge as US Production Comes Back Online

United States Gas Prices Natural Gas Nymex BNEF EIA

March Nymex natural gas (NGH26) on Monday closed sharply lower by -1.117 (-25.65%).

March nat-gas prices plunged to a 3-week nearest-futures low on Monday and settled sharply lower.  The recovery in US nat-gas production sent prices tumbling on Monday, as production rose to 111.6 bcf, the highest in nearly two weeks, as more production returned to service after being knocked offline by last week's winter storm.  Losses in nat-gas prices accelerated on Monday after the Commodity Weather Group said the 10-day weather outlook for the US turned warmer, potentially reducing nat-gas heating demand.  

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