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US natural gas futures for October delivery fell 2.6% to settle at $2.836 per million British thermal units on Monday. Forecasts for milder temperatures and lower oil prices weighed on the market.
US natural gas futures dropped more than 2% on Monday, weighed down by forecasts for milder temperatures and easing oil prices after several weeks of weather-driven gains. October delivery futures on the New York Mercantile Exchange were down 6.3 cents, or 2.2%, to $2.85 per million British thermal units.
(Adds closing prices) October contract is up about 3% this week after last week's 5% decline Calendar 2027 gas futures hit their lowest average since February 2022 Cove Point maintenance could curb recent export-plant feedgas gains European and Asian benchmarks hover near 44-month highs, far above Henry Hub By Scott Di
Salt Dome Cavern NatGas Stocks (BCF): -14 (prev -7)