Natural gas prices dropped slightly Friday as weather forecasts suggest demand won’t keep up with record supply. Prices for the front-month September contract settled down 4.3 cents, or 1.1%, at $3.798 a million British thermal units on the New York Mercantile Exchange. The contract gave back most of Thursday’s gains and landed 5.1 cents above the eight-month low closing price set earlier this week. Gas fell back this week immediately after both of its two winning sessions with analysts saying the overall supply-demand dynamic is too bearish to be broken by one-day market maneuvering. Prices jumped 1.5% Thursday when stockpile additions were smaller than expected, but ultimately they were still nearly double the average addition for this time of year. “There’s no demand for it at this point,” said John Woods, president of JJ Woods Associates and a Nymex floor trader. “This market is basically […]