U.S. Gas Futures Close Near 2-Month Low as Mild Weather Prevails
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Natural gas futures settled near a two-month low as mild weather dominated forecasts for the eastern U.S. through the first week of March.
Temperatures may be mostly average or above normal in the Northeast and Midwest through March 7, limiting heating demand for gas, according to Commodity Weather Group LLC. Money managers betting on natural gas are the most bearish on record as the biggest stockpile surplus in four years expands.