The NYMEX January natural gas futures contract continued to slide on Tuesday, dropping 13.3 cents to a $3.874/MMBtu close as the market sold off on the expectation of mild weather in most of the US through mid-December. The last time the prompt month settled any lower was on October 31, when it closed at $3.873/MMBtu. The contract has fallen 48.1 cents, or 11% in value, over the last three trading sessions. “We gapped open at the beginning of the week, and now everyone who was a buyer the week before Thanksgiving is trapped,” analyst Stephen Schork of The Schork Report said. “It all depends on Mother Nature, and right now there are just no buyers in the market.” Gas may have also been feeling the effects of a lower energy complex. The NYMEX January WTI crude futures contract fell $2.12/barrel on Tuesday to […]