Natural Gas Futures Drop for a 4th Day as Cold Snap to Ease
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Natural gas futures dropped for the fourth straight day in New York as milder weather forecast for the U.S. East signaled reduced demand for the heating fuel.
Below-normal temperatures from the Great Plains through the East Coast this week will give way to more seasonal readings Feb. 7 through Feb. 17, said Commodity Weather Group LLC. A surplus of gas in storage compared with year-earlier levels jumped to 15 percent in the week ended Jan. 23, the most since August 2012, government data show.