U.S. Natural Gas Prices Crash By 7%

U.S. natural gas prices fell below $3 per million British thermal units this week for the first time in two years amid continuing warm weather that started a commodity selloff. Prices first dipped below $3 per MMBtu on Wednesday and were still there as of today, trading at a little over $2.9 per MMBtu at the time of writing. According to Bloomberg, the price decline in natural gas was a result of, above all, the mild winter in the northern hemisphere. The fact that both the United States and Europe managed to fill up their gas storage ahead of…