Natural-gas prices plunge toward a 14-year low

The winter heating season has begun, but natural-gas prices have plunged toward levels they haven’t seen since January 2002.

Natural gas for January delivery NGF16, -0.53%  fell 10.9 cents, or 5.5%, to trade at $1.881 per million British thermal units Monday. It suffered a weekly loss of nearly 11% last week.

Prices traded as low as $1.862 and based on the most active contracts, prices haven’t seen an intraday level this low since January 2002, according to FactSet data. A settlement around the current level would be the lowest since September 2001.

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