Natural gas prices sank early on Monday on expectations of lower demand due to cooler weather and lower liquefied natural gas (LNG) feed in the aftermath of Hurricane Laura passing through the U.S. Gulf Coast. As of 10:11 a.m. EDT, the benchmark Henry Hub price was down 5.87 percent on the day to $2.502 per million British thermal units (MMBtu), also due to profit-taking after traders had increased their net buying position in the commodity ahead of Hurricane Laura’s landfall last week. Ahead of Hurricane Laura’s landfall, oil producers in the Gulf had shut in more than 84 percent of oil production and more than half of gas production, and the market was bracing for disruptions. Ahead of the Hurricane Laura’s landfall, hedge funds and other money managers had increased their net long position – the difference between bullish and bearish bets – on natural gas by 4 percent […]