Natural gas price whipsaws after worst drop since 1995 — traders eye storage data
U.S. natural gas futures hovered near $3.22/mmBtu Tuesday after plunging 25.7% Monday, the steepest drop since 1995 outside contract rollovers. Warmer mid-February forecasts and record output drove the selloff, while volatility hit a record 250.7%. LNG exports dipped in January as freeze-offs disrupted plants. Traders await Thursday’s U.S. storage report.