–Natural gas dropped for the fifth time in six sessions on cool weather forecasts and strong stockpile additions. Prices for the front-month July contract settled down 5.3 cents, or 1.2%, at $4.531 a million British thermal units on the New York Mercantile Exchange. Natural gas lost 4.4% for the week, its largest net and percentage decline since the week ending Feb. 28. Record production has started to rapidly refill stockpiles that had been drained to 11-year lows by high winter demand. Producers added 113 billion cubic feet of gas to storage last week, the U.S. Energy Information Administration said Thursday, 4 bcf more than Wall Street expectations. It was a record sixth-straight addition larger than 100 bcf and reduced the shortage to within 31% of the five-year average. “We’ve had so many consecutive large, outsized inventory (additions that) traders are simply less convinced that … […]