Natural Gas prices have plummeted from almost $10 per MMBTU in August 2022 to $2.50 today.
In my thirty plus years in and around the oil and gas industry, I don't recall this much of a drop in such a short period of time.
I know winter in the US has been warmer than expected, but I wouldn't expect this much of a drop in prices on that alone.
Of course this is affecting equities for oil and gas exploration and production companies with a large natural gas play
UPDATE: $2.29 2/22/2023
Henry Hub Natural Gas Overview - CME Group
In my thirty plus years in and around the oil and gas industry, I don't recall this much of a drop in such a short period of time.
I know winter in the US has been warmer than expected, but I wouldn't expect this much of a drop in prices on that alone.
Of course this is affecting equities for oil and gas exploration and production companies with a large natural gas play
UPDATE: $2.29 2/22/2023
Henry Hub Natural Gas Overview - CME Group