Gas Futures Slide on Milder U.S. Weather

Bloomberg reported that gas futures for February delivery continue their six-day decline on Tuesday, pulled back by forecasts for milder weather in the U.S.

As quoted in the market report:

Gas dropped as much as 2.5 percent as forecasters including MDA Weather Services in Gaithersburg, Maryland, said above- normal temperatures in the central U.S. next week will sweep into the East from Feb. 8 through Feb. 12. The futures have declined 9.9 percent from a six-week high on Jan. 22 as fuel demand dropped because of above-average temperatures.

To view the whole Bloomberg report, click here.