Natural gas touched its lowest point since August 2012 Friday morning and is still trading lower on strong supply and signs of softer heating demand in the weeks to come. Natural gas for March delivery is down 4.2 cents, or 1.5%, at $2.677 a million British thermal units on the New York Mercantile Exchange. Prices fell as low as $2.637/mmBtu in early morning trading and have been paring losses since the floor opened. Prices are coming down because of strong stockpiles for a second straight session, analysts said. Storage levels shrank by 94 billion cubic feet, the EIA reported Wednesday. That was 17 bcf lower than expectations and was just the fourth time in 20 years that the stockpile drain for this week of January wasn’t at least 100 bcf, according to Simmons & Co. International. “Demand has simply not been strong enough this winter to have a significant […]