US Natural Gas Futures Fall to Three-Week Low on Warm Forecasts

US natural gas closed lower for a second session on the outlook for warmer temperatures across large parts of the country, likely trimming demand for the heating and power-plant fuel.

Futures for March delivery settled 8.3% lower at $3.138 per million British thermal units, the lowest since Jan. 16. With much of the cold blast that hit the Northeast in the rearview mirror, temperatures were expected to be above normal across the Midwest and US South through Feb. 18, according to the private forecaster Commodity Weather Group.