US Gas Falls by Most in a Month on Oil Price Drop, Weather Shift

US natural gas futures capped the biggest decline in more than a month as plunging oil prices sparked financial outflows from baskets of energy futures contracts. Weather forecasts also shifted milder, indicating lower demand for the heating and power-plant fuel in the coming weeks.

Traders sold off oil contracts following comments by US President Donald Trump that he was in talks to end the war in Iran. Spillover selling pulled down US gas futures, despite the domestic gas situation being largely insulated from overseas energy markets in the short run.