Natural gas dropped for a third day

Source: Bloomberg
© Scanpix/Reuters
U.S. gas poised for the three-day drop amid speculation of decreased demand for heating fuel as U.S. weather is getting warmer. The March contract declined 5.2% reaching $4.832 per million Btu and was little changed at $4.907 as of 10:11 a.m. in London, while the contract for April delivery contracted 2% to $4.498. Natural gas dropped 6.4% yesterday to $5.096 per million British thermal units, the lowest price since Feb. 12.

 

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