US Natgas Sinks Nearly 15% on Mild Weather Outlook

摘要

A pullback in weather-driven demand across the US sent gas prices reeling last week in the cash and futures markets in a move that could portend further losses in the coming week as traders come to terms with a less bullish reality. January futures saw the steepest dive, losing 66.1￠, or 14.7%, over the course of the week and spiraling 7.2% on Friday alone. That pushed the contract into the $3.80s heading into the weekend. The prompt month had been sporting a $4 handle since Nov. 12. New forecasts for milder weather through the end of December is credited for the plunge.