![Natural gas dropped due to oversupply from record output levels and a mild winter](https://market-tracker.in/wp-content/uploads/2024/03/first-time-ever-gas-overtakes-coal-in-us-power-mix.jpg)
Natural gas dropped due to oversupply from record output levels and a mild winter
Natural gas prices fell by -2.55% to settle at 153.1, mostly as a result of excess supply brought on by a mild winter and record output levels. In the week that concluded on February 23, 2024, U.S. utilities removed 96 billion cubic feet of natural gas from storage, surpassing the 88 billion cubic feet that…