NYMEX Futures Continue to Slide 4th Day, Down Another 20c to $4.06
The NYMEX front-month futures price for natural gas slid yesterday for the fourth day in a row, down another 20 cents to close at $4.06. That's down $1.39 or 25.5% over the last four sessions. Weather is the primary factor--mid-range forecasts say most of the country is staying warm for the next two weeks at least. Will the price go down even more, crashing through $4/MMBtu? It all depends on the next weather forecast for the last two weeks of December...
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