US natural gas futures prices fell for the fifth consecutive trading day because the climate in January was milder than usual, weakening heating demand. Andy Huenefeld of Pinebrook Energy Advisors said in the report: “The current focus of the market is another round of anti-seasonal heat that is expected to occur in the next five days. There are currently no signs of another severe cold snap in at least the next two weeks.” He added that the longer the market avoids continuous cold weather, the higher the forecast for inventory levels at the end of the season. Natural gas futures fell 4.4% to $3.369 per million British thermal units on the New York Mercantile Exchange.

US natural gas futures prices fell for the fifth consecutive trading day because the climate in January was milder than usual, weakening heating demand. Andy Huenefeld of Pinebrook Energy Advisors said in the report: “The current focus of the market is another round of anti-seasonal heat that is expected to occur in the next five days. There are currently no signs of another severe cold snap in at least the next two weeks.” He added that the longer the market avoids continuous cold weather, the higher the forecast for inventory levels at the end of the season. Natural gas futures fell 4.4% to $3.369 per million British thermal units on the New York Mercantile Exchange.