The cost of natural gas has plunged as unseasonably warm weather is forecast in much of the U.S.
A sharp rise in temperatures has erased the effects of last month’s winter storm. Now forecasts for more unusually warm weather are melting down natural-gas prices.
Natural-gas futures for February delivery dropped 11% on Tuesday to end at $3.988 per million British thermal units. That is down more than 50% from summer highs and is about what gas cost a year ago, when temperaturesa WSJ membership
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