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US natgas dips over 5% on forecasts for lower heating demand

From finance.yahoo.com

U.S. natural gas futures dipped more than 5% on Friday to their lowest since late-February on expectations for lower heating demand due to moderating weather, which set the contract on track for a second consecutive weekly decline. Front-month gas futures for April delivery fell 14.09 cents, or 5.6%, to $2.37 per million British thermal units (mmBtu) by 11:09 a.m. EDT. The weather outlook for later in March has shifted from colder-than-normal along the eastern seaboard to slightly warmer-than-normal, reducing the expectation of late season heating demand, said Gary Cunningham, director of Market Research at Tradition ... (full story)

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  • Category: Fundamental Analysis