Natural Gas Tumbles to 4-Year Low on ‘Epic’ U.S. Demand Loss
- Latest forecasts show cold blast easing by next week
- Record production from shale basins is swamping the market
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Natural gas futures sank to a four-year low as the latest U.S. forecasts all but eliminated bulls’ hopes for a late-winter cold push.
Frigid weather in parts of the Midwest and West this week won’t stick around for long, according to Commodity Weather Group LLC. Mild temperatures are poised to blanket the eastern half of the country in late February, a shift from previous outlooks that showed a lingering chill.