Natural gas futures posted their largest one-day percentage drop in more than a month, as the market comes to grips with accelerating supply growth and warmer-than-expected weather forecasts for early May. The May contract fell 9.8 cents, or 3.7%, to settle at $2.536 a million British thermal units on the New York Mercantile Exchange. The loss, combined with Friday’s decline, wiped out much of last week’s rally. The market opened down and continued to grind lower over the course of the trading session. Analysts have been noting the accelerating pace of production and growth in stored supplies, with the industry adding between 3 billion and 6 billion cubic feet of output above demand levels every day. “We have a lot of gas coming out of the ground,” said Gene McGillian, senior analyst with futures brokerage Tradition Energy in Stamford, Conn. Teri Viswanath, a strategist at BNP […]