Natural Gas Futures Slip on Mild Forecasts

- November 28th, 2012

Bloomberg reported that natural gas futures fell for the third day in a row as mild forecasts curb demand.

Bloomberg reported that natural gas futures fell for the third day in a row as mild forecasts curb demand.

As quoted in the market report:

Gas dropped as much as 3.4 percent as forecasters including MDA Weather Services predicted above-normal temperatures for most of the lower 48 states over the next 10 days. Unusually cold weather helped reduce a supply glut this month. The December contract expires today.

To view the whole Bloomberg report, click here.

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