Natural gas fell to its lowest settlement in more than a week as heavy production keeps a lid on prices. The front-month August contract settled down 6.6 cents, or 2.3%, to $2.756 a million British thermal units on the New York Mercantile Exchange. Most of the session’s losses came in limited electronic trading on the Friday holiday, which were included in Monday’s settlement. Prices were nearly unchanged since electronic trading reopened Sunday evening. Late Thursday, the U.S. Energy Information Administration warned that record production from several states in the middle of the shale-drilling boom had the potential to bring hub prices down even further. Much of the new production coming from eastern states including Pennsylvania, Ohio and West Virginia is still trapped by pipeline bottlenecks, but a series of new pipelines is going to be carrying that production out of the region soon. Many regional spot […]