U.S. Natural Gas Futures Drop 2% to Two-Week Low on Record Output, Mild Weather

U.S. Natural Gas Futures Drop 2% to Two-Week Low on Record Output, Mild Weather

U.S. natural gas futures fell about 2% on Monday, reaching a two-week low amid record production, negative spot prices at the Waha Hub in West Texas, and forecasts for mild weather through early April. The warmer conditions are expected to reduce demand for heating, keeping withdrawals from storage lower than usual for this time of year.

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