Commodities
US Natural Gas Falls Below $3 for First Time Since May 2021
- Mild weather and surging production weigh on gas prices
- Extended outage at LNG export plant boosted domestic supply
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US natural gas futures extended losses below $3 amid mild winter weather that helped spark the worst selloff among the country’s commodities.
Gas for February delivery lost as much as 10% to $2.761 per million British thermal units Thursday on the New York Mercantile Exchange. Prices have been at the lowest levels since April 2021 after dipping below $3 on Wednesday.