Natural gas prices fell lower after the EIA reported a storage injection of 12 Bcf last week. On Friday, March 27th, the April contract settled down 8.2 cents at $2.590 per MMBtu. The third consecutive month that natural gas has settled below $3 per MMBtu this year and the lowest settlement since June 2012. Above-normal temperatures are forecasted over the next two weeks for the entire United States, leaving little demand for gas-fired heating. Prices may continue to slide as production remains strong and demand continues to wane in the shoulder months. May moved into the prompt position on Monday and settled up 1 cent at $2.644 per MMBtu.
