Natural Gas Futures Slide on Outlook for Moderating Temperatures
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Natural gas futures declined for a third day in New York as unusually hot weather this week is forecast to moderate, cutting demand from power plants.
Gas fell 0.8 percent as above-normal temperatures expected across the U.S. this week will give way to milder weather in the East next week, according to MDA Weather Services in Gaithersburg, Maryland. Gas stockpile increases topped five-year averages for three straight weeks, based on the most recent government reports.