Natural Gas Drops to Six-Week Low on Forecast of Milder Weather

Oil and Gas Investing

Bloomberg reports that Natural gas futures declined to the lowest level in almost six weeks.

Bloomberg reports that Natural gas futures declined to the lowest level in almost six weeks.

The market news is quoted as saying:

Natural gas for March delivery fell 14.7 cents, or 3.4 percent, to $4.163 per million British thermal units at 12:03 p.m. on the New York Mercantile Exchange after declining to $4.154, the lowest intraday price since Dec. 28. The futures have dropped 25 percent from a year ago.

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