Natural Gas Futures Fall on Warmer-Than-Normal Weather Forecasts
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Natural gas futures slipped in New York as forecasts showed warmer-than-normal weather in the last week of April, reducing demand for the heating fuel.
Gas dropped 0.2 percent as forecasters including Commodity Weather Group LLC in Bethesda, Maryland, said in the 11- to 15-day outlook that the eastern U.S. will probably be warmer than normal. Futures rose earlier after government data showed industrial production increased more than forecast in March.