Natural Gas Posts Biggest Weekly Drop Since August on Demand
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Natural gas futures posted their biggest weekly drop in more than eight months on the outlook for demand, as stockpiles rose more than expected and commodities tumbled on speculation that economic growth will slow.
Gas dropped 9.9 percent this week, the most since the five-days ended Aug. 27, after the Energy Department said inventories increased by 72 billion cubic feet last week, above the 67 billion analysts estimated. Commodities slid the most in 31 months yesterday and extended declines today.