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Bloomberg reported that natural gas futures continued their descent for the third day in a row, pushed down by forecasts for warmer weather in the U.S.
Bloomberg reported that natural gas futures continued their descent for the third day in a row, pushed down by forecasts for warmer weather in the U.S.
As quoted in the market report:
Gas fell as much as 4.1 percent as forecasts from companies including MDA Weather Services in Gaithersburg, Maryland, turned warmer for the eastern and central U.S. through Jan. 18. Gas has dropped 21 percent from a one-year high on Nov. 23 as stockpiles hovered near seasonal records.