The NYMEX February natural gas futures contract tumbled 29.6 cents to settle at $2.831/MMBtu as the market reacted to mild weather forecasts. “Domestic models are predicting that this pleasant weather will last for another five days and that the cold weather to follow will be less widespread than previously thought,” said Gelber & Associates analyst Aaron Calder. “There’s still a lot of cold air hovering around Canada trying to get into the United States, but warm, Pacific air is pushing it eastward.” The Weather Channel calls for no sub-freezing high temperatures Tuesday across the contiguous US, and highs in the 50s as far north as Omaha, Nebraska, and St. Louis. The forecast calls for low temperatures Wednesday to stay above freezing as far north as Washington and St. Louis. The National Weather Service’s forecast for Friday calls for lows above freezing as far north […]