US Natural Gas Plunges by Most in About 30 Years on Warm Weather

US natural gas futures plummeted on Monday as weather forecasts for mid-February shifted significantly warmer, marking the largest daily loss for the front-month contract on a percentage basis since 1995, excluding contract rollover days.

The March contract settled down 25.7% to $3.237 per million British thermal units, more than erasing steep gains on Friday that pushed up prices ahead of record-breaking cold weather.