November 30, 2021
THE INFLATION HYSTERIA WAS FUN WHILE IT LASTED:
U.S. natural gas sinks, on track for worst month in three years (Pippa Stevens, 11/30/21, CNBC)
U.S. natural gas futures slid Tuesday to the lowest level in nearly three months as warmer-than-expected winter forecasts sent prices tumbling.The contract for January delivery fell as much as 7% to trade at $4.51 per million British thermal units (MMBtu), a price last seen on Sept. 1. The weakness builds on Monday's drop, which saw the contract settle 11.37% lower at $4.85 per MMBtu.Over the last two sessions, futures are down more than 17%.
Posted by Orrin Judd at November 30, 2021 12:11 PM