Investors hoping for a turnaround in natural gas prices may have to wait until the second half of the year, at the earliest.
Prices for the commodity, which is used for heating homes, power generation and to make plant food, have been in a downtrend for almost two years. Front-month futures contracts were recently trading at $2.188 per million British thermal units on the Chicago Mercantile Exchange. The last major peak in prices was in February 2014 at more than $8, according to the Energy Information Administration.
Reasons for the rout are legion and include the global decline in commodity demand, increases in supply from new techniques of extraction and a strong U.S. dollar, which makes all dollar dominated materials cheaper.
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