Natural gas dropped slightly Friday as weather forecasts showed close-to-normal temperatures settling in throughout June. Prices for the front-month July contract settled down 2.3 cents, or 0.5%, at $4.739 a million British thermal units on the New York Mercantile Exchange. Prices had touched a one-month high midmorning as part of a seesaw trading pattern for the day. Weather forecasts are showing slightly above-normal temperatures, but nothing severe, which is key, said Gene McGillian, a broker and analyst at Tradition Energy. Prices on Thursday had their largest percentage gain since Feb. 19, and now that they are within 10 cents of their four-month high, it would take a severe weather forecast and expectations of a real demand spike to go higher, he said. “Until we get calls for really hot weather, the production levels are going to provide pretty strong resistance to (another) rally,” Mr. McGillian […]