Natural Gas Prices Plummet as Cooling Demand Fades
Natural gas futures plummeted on Tuesday after briefly topping $3.00/MMBtu, as fading cooling demand outweighed strong LNG feedgas needs.
The price drop was particularly sharp in October, which fell from its previous high of $3.00 to lower levels.
LNG demand remained strong despite the decline in power burn, which dropped sharply on Tuesday.