Economy

US Natural Gas Falls With Oil as Hope for Iran Talks Reemerges

US natural gas futures dropped, reversing earlier gains, as renewed hope for talks between the US and Iran caused oil and European gas prices to plunge. Those falling prices likely triggered a selloff of baskets of commodities that include US gas, even though US gas is insulated in the short-run from overseas supply shocks because of the limits of US gas export capacity. Lower flows to liquefied natural gas export terminals, led by Freeport LNG in Texas, added further downward pressure to prices