“Natural gas drops 7%, sharpest decline since January following big run-up on supply concerns”
September 30, 2021
“Natural gas futures dipped as much as 8% on Wednesday, pulling back from a more than seven-year high above $6 per million British thermal units hit during the prior session. The contract for November delivery fell to a low of $5.42 on Wednesday, before recovering some of those losses to settle 6.85% lower at $5.47 in the worst daily performance since January. Natural gas prices have shot up this month amid an energy crunch in Europe that’s sent power prices to all-time highs. Natural gas futures are up 26% for September, and prices have more than doubled since the beginning of the year…”