Natural Gas Drops as Mild U.S. Weather to Crimp Demand
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Natural gas futures declined for a second day in New York as forecasts for mild weather signaled reduced demand for the heating fuel.
Gas fell 1.4 percent after forecasters including Commodity Weather Group LLC predicted above-normal temperatures for the East Coast over the next six to 10 days. Heating demand in the lower 48 states will be 42 percent below normal Oct. 22 through Oct. 26, said Weather Derivatives in Belton, Missouri.