U.S. Natural Gas Futures Drops Only 2 Cents

Reuters reported that U.S. natural gas futures slightly dropped due to milder weather forecasts in the Northeast and the Midwest.

As quoted in the market news:

By 1:05 p.m. EDT (1705 GMT), front-month gas futures on the New York Mercantile Exchange were down 2 cents at $2.75 per million British thermal units after slipping early to a 6-1/2-week low of $2.715. The front month lost 3.7 percent last week.

Click here to read the full Reuters report.