Natural Gas Drops First Time in Five Days on Inventory
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Natural gas futures slipped in New York for the first time in five days before a government report tomorrow that may show a below-average inventory decline.
Gas fell 0.6 percent as U.S. stockpiles may have decreased by 137 billion cubic feet last week, based on the median of 18 analyst estimates compiled by Bloomberg. The five-year average drop for the week is 144 billion, government data show. Above-normal eastern U.S. temperatures this week will give way to widespread cold, according to MDA Weather Services.