Due to increased production, forecasts of milder weather and lower-than-expected heating demand and a drop in the amount of gas flowing to liquefied natural gas (LNG) export plants to its lowest level in a month, U.S. natural gas futures plummeted & By around 3% on Tuesday due to an increase in production

Gas futures for January delivery on the New York Mercantile Exchange fell 8.6 cents, or 2.7%, to $3.096 per million British thermal units (MMBtu) at 8:14 AM EST (13:14 GMT) to $3.096 per million British thermal units (MMBtu) at 8:14 AM EST (13:14 GMT). According to some analysts, winter and the high prices it usually brings could be over before the official start of the season, now that the highly negotiated “widowmaker” March-April spread is trading in an unusual contango. This means that the April contract price is higher than the March contract price.