US natural Gas prices slumped to a multi-week low as robust storage builds and mild weather forecasts dampened demand expectations, ING's commodity experts Ewa Manthey and Warren Patterson note.
Prices hit lowest since April
"US natural Gas prices came under significant pressure yesterday. Front-month Henry Hub futures settled more than 6.6% lower on the day. This left the market at its lowest level since late April. Strong Gas injections into storage and forecasts for cooler weather in the southern regions of the US have weighed on prices."
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