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US natgas prices hold near 3-week low on record output, mild weather
U.S. natural gas futures held near a three-week low on Monday on record output, ample storage, mild weather, low heating demand and low spot prices. After falling for eight days in a row, front-month gas futures NGc1 for November delivery on the New York Mercantile Exchange remained unchanged at $2.899 per million British thermal units (mmBtu) at 9:33 a.m. EDT (1333 GMT). On Friday, the contract closed at its lowest since Oct. 2. If the contract falls for a ninth day in a row, it would be the first time since October 2019 when it fell for a record 12 days in a row. With the front-month down about 10% last week, ... (full story)