The Traderszone Network

Published in TZ Latest News 1 October, 2015 by The TZ Newswire Staff

Natgas Drops As Mild Weather Softens Demand

Natural gas futures crashed to a three-year low as warm weather cut demand for the heating fuel and Hurricane Joaquin threatened to prolong higher-than-average temperatures. Natural gas for November delivery fell 9.1 cents, or 3.6%, to settle at $2.433 per million British thermal units on the New York Mercantile Exchange. The last time gas closed lower was June 13, 2012, when futures slid to $2.185.

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