Natural Gas Caps Its Longest US Losing Streak in 21 Years
Prices are slumping on mild weather, record production
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Natural gas prices in the US capped their longest string of weekly losses since 2001 as mild weather and record production ease fears of a winter supply crunch — at least for now.
US gas has tumbled for eight straight weeks, with prices down more than 30% from a 14-year high in August. Futures in Europe, a region increasingly reliant on American supplies of the heating and power-plant fuel after Russia’s invasion of Ukraine, are also down on rising stockpiles.