Futures extended a weekslong slide with a 3.1% decline Wednesday, as traders unwound bullish positions with the end-of-winter heating season approaching. Gas futures for front-month April delivery fell 14.4 cents to $4.5230 on the New York Mercantile Exchange, nearly eliminating all of their prior-day gains. Prices have slid more than 25% since hitting a high of $6.15 Feb. 19. Natural gas fires home heating for more than half of the U.S., and the gas market surged more than 50% in the early months of the year amid an extraordinarily cold winter season. Prices are beginning to decline since the March contract expired and contracts for warmer months take over most of the volume in the market. “We’re facing lower demand levels coming […]