Natural Gas Prices Plunge On Expectations Of Lower Demand

Natural gas prices sank early on Monday on expectations of lower demand due to cooler weather and lower liquefied natural gas (LNG) feed in the aftermath of Hurricane Laura passing through the U.S. Gulf Coast. As of 10:11 a.m. EDT, the benchmark Henry Hub price was down 5.87 percent on the day to $2.502 per million British thermal units (MMBtu), also due to profit-taking after traders had increased their net buying position in the commodity ahead of Hurricane Laura’s landfall last week.   Ahead of Hurricane Laura’s landfall, oil…