Natural gas price dives as warm forecasts bite; Expand Energy stock slumps on CEO exit
U.S. natural gas futures dropped over 8% on Monday, closing at about $3.141 per million British thermal units—their lowest mark in three weeks—as traders responded to forecasts for milder weather across the country that could slash heating needs. Commodity Weather Group is now calling for above-normal temperatures in the Midwest and South through Feb. 20, a forecast that tends to take the edge off winter demand in a hurry.
