Natural Gas Futures Decline on Abundant Supplies
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Natural gas futures fell the most in four weeks on speculation that above-normal supplies will be sufficient during the peak-demand U.S. winter heating season.
Gas futures dropped as inventory levels in the week ended Nov. 19 were 9.5 percent above the five-year average, wider than a 9.3 percent surplus the previous week, the Energy Department said on Nov. 24. Colder-than-normal weather may blanket most of the eastern and central U.S. from Dec. 4 through Dec. 8, according to Commodity Weather Group in Bethesda, Maryland.