U.S. Natural Gas Prices Tumble 10% on Mild Weather

The benchmark U.S. natural gas prices slumped by more than 10% early on Monday amid high inventories and forecasts of warmer-than-usual weather suggesting very light demand for space heating. As of 9:24 a.m. ET on Monday, the front-month futures at the Henry Hub, the American benchmark, were trading down by 10.50% at $2.305 per million British thermal units (MMBtu). Prices are now at their lowest level since the start of the summer.   “The weekend data failed to trend any colder with the setup through Dec. 26 suggesting warmer than normal…