U.K. Winter Natural Gas Declines as Brent Crude Oil Slumps
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U.K. natural gas fell to its lowest in almost a month as the price of Brent crude slumped by the most in more than two years.
Gas for next winter, the six months from October, fell as much as 1.6 pence, or 2.25 percent, to 69.5 pence a therm. That’s the lowest since March 11. It was at 69.6 pence as of 4:30 p.m. in London, according to broker prices compiled by Bloomberg. That’s equal to $11.43 a million Btu.