The natural gas market has been struggling for five weeks due to mild weather conditions. Futures of the heating fuel on the New York Mercantile Exchange’s Henry Hub were on track for a 5% decline in the latest week, adding to the 48% drop over the previous four weeks. This is because temperatures in the northern hemisphere have been unseasonably warm for a winter. The front-month February gas contract on the Henry Hub settled at $3.174 per mmBtu, or metric million British thermal units, at Friday’s close. It fell to a new 19-month low of $3.11 during the session, causing … Continue reading Natural Gas Market Experiences 5-Week Decline of Over 50%