November gas futures dropped for a sixth consecutive session, ending a volatile Wednesday down 1.6% to close in the low $2.70s after recovering about a dime in the last 10 minutes

摘要

The contract has plunged 53.2￠ or 16.3%, since early last week thanks largely to bearish weather outlooks. Concerns about storage reaching record levels amid a prolonged injection season is also pressuring the market. 'The market is free falling,' analyst Kent Bayazitoglu said. 'Not only is the November contract under pressure, declines have extended to the rest of the coming winter, next winter, and all of 2017.'