Gas Futures Slide as Prospect of Mild Thanksgiving Nears
- Storage may rise 50 billion cubic feet; 5-year average 23 bcf
- Overnight forecasts `extended the heat,' analyst says
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Natural gas futures fell as traders confronted the possibility that people won’t be heating their homes much for Thanksgiving dinner.
Temperatures will probably stay above normal in the Midwest and Eastern U.S. through Nov. 25, according to MDA Weather Services. New York City could see temperatures above average most of Thanksgiving week, with a high on the holiday, Nov. 26, of 45 degrees, 5 below the usual, data from AccuWeather show.