US Natural Gas Futures Fall for Fifth Straight Day

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.

Click here to read the full Reuters report.