• Anemic weather-driven demand and weak spot prices weighed down futures
  • Forecasts grew increasingly bearish throughout the week
  • Weather worries overshadowed robust liquefied natural gas demand

Persistently anemic weather-driven demand and weak spot prices once again weighed down natural gas futures on Friday, marking a fifth-consecutive day of losses and culminating a brutal week that saw the prompt month give up nearly 50 cents in total.

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The December Nymex contract shed 5.4 cents day/day and settled at $2.888/MMBtu on Friday. January fell 5.3 cents to $3.031.

As they did all week amid mild weather across the country, spot gas prices declined, led lower by drops in the Midwest and Northeast. NGI’s Spot Gas National Avg. dropped 22.0 cents to $1.950.

Temperatures shifted...