Natural gas slipped back Wednesday as traders resume their focus on an oversupplied market heading into a season that is usually unkind to gas. Natural gas for May settled down 6.1 cents, or 2.3%, at $2.619 a million British thermal units on the New York Mercantile Exchange. It has lost ground in 10 of the past 14 sessions and is just 1.6% above its lowest point since June 2012. Spring weather often causes a fall in gas prices, which are highly connected to winter weather. Half of all U.S. homes use natural gas for heat, making demand, and often prices, highest when temperatures are lowest. Couple that with near-record production this year, and prices are on a slow decline. Recent U.S. production is up about 6 billion cubic feet from a year ago, and Canadian production is up another 0.5 bcf, according to […]