U.S. Natural Gas Prices Sink on Mild Weather and Hedge Fund Sales

(Reuters) U.S. natural gas prices have fallen sharply as the unusual cold weather of late November and early December has given way to warmer-than-normal temperatures in the last four weeks. Futures prices for gas delivered at Henry Hub in February 2019 have fallen below $3 per million British thermal units from a peak of almost $4.80 in the middle of November. The exceptional rally in gas prices during the late summer and early autumn has unwound, leaving gas prices back at the low level that has prevailed for the last three years.

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