Natural gas prices plunge 26% as warmer forecasts hit; UNG tumbles and traders eye U.S. storage data
U.S. natural gas prices plunged 25.7% Monday, the steepest drop since 1995, after warmer mid-February forecasts and a rapid supply rebound. The March Henry Hub contract settled at $3.237/mmBtu. Shares of EQT Corp and Antero Resources fell 5.2% and 7.6% in after-hours trading. Traders await Thursday’s storage report and updated weather models.
