U.S. natural gas prices fell on Friday afternoon on the expectation that temperatures in the United States are set to cool off soon. Natural gas futures fell to $8.076/MMBtu (-2.79%) as the Global Forecast System predicted that cold weather was in store next week for the Great Plains and the Eastern United States, and the week following in the Mountain West and East Coast. Today’s natural gas prices are still more than double what they were this time last year, double the levels that it started the year with, and the highest in over a decade. Natural gas prices also were pushed down by the EU’s endorsement of companies opening up special ruble accounts at Gazprombank to pay for Russian gas. Even with EU members finding a path to continue purchases of Russian gas, the supply and demand balance for natural gas is expected to remain tight for the […]