Natural Gas Slumps to 29-Month Low on Mixed Weather Outlook
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Natural gas tumbled to a 29-month low in New York as forecasts showed a mix of mild and colder-than-normal weather that would limit demand for the heating fuel.
Temperatures may be mostly average in the central and eastern U.S. through Feb. 18, with frigid weather confined to the Northeast, according to Commodity Weather Group LLC in Bethesda, Maryland. A gas stockpile deficit to the five-year average has narrowed to 3 percent from a record 55 percent at the end of March.