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United States Natural Gas ETF Message Board

  • fp718591 fp718591 Dec 27, 2012 10:48 PM Flag

    Bloomberg Natural Gas perdiction

    NATURAL GAS

    Natural gas retreated as forecasts for above-average temperatures spurred concern that the U.S. winter will be too mild to erode a stockpile surplus.

    The futures dropped as warmer-than-normal weather will blanket the central and eastern half of the country Jan. 6 through Jan. 10, according to MDA Weather Services in Gaithersburg, Maryland.

    Natural gas for January delivery fell 3.8 cents, or 1.1 percent, to settle at $3.354 per million British thermal units on the Nymex. The January contract expired today. The more actively traded February futures dropped 1.3 cents to $3.412. Futures trading volume was 51 percent below the 100-day average.

 
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