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Reuters reported that continued mild weather forecasts and low demand brought US natural gas futures lower for the fifth day in a row. Traders are not expecting higher prices in the short term.
Reuters reported that continued mild weather forecasts and low demand brought US natural gas futures lower for the fifth day in a row. Traders are not expecting higher prices in the short term.
As quoted in the market news:
Front-month gas futures on the New York Mercantile Exchange ended down 1.1 cents at $2.762 per million British thermal units after trading between $2.737 and $2.855. The nearby contract has lost 9.8 percent in the last five sessions, its biggest five-day decline in 3-1/2 months.