The NYMEX December natural gas futures contract dropped in US morning trading Friday, likely due to the mild weather forecast for much of November. Receive daily email alerts, subscriber notes & personalize your experience. Register Now As of 11:15 am EDT (1515 GMT), the front-month contract fell 4.3 cents and was trading at $3.194/MMBtu, after moving between $3.166/MMBtu and $3.246/MMBtu so far in the session. “The market is taking direction from the changing weather forecast,” Gene McGillian, senior analyst at Tradition Energy, said, noting that the market has dropped to $3.20/MMBtu because of mild weather forecast for November and early December. The National Weather Service calls for a likelihood of mild temperatures for most of November and December across the US. But there is “winter risk because storage is at 13-year lows,” McGillian said. Current national gas stocks sit at 3.143 Tcf, down nearly 17% from the […]