Natural Gas Falls Near 12-Week Low on Forecasts of Mild Weather
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Natural gas futures declined to the lowest price in almost 12 weeks on forecasts of moderating temperatures that may limit demand for the heating fuel.
Gas slipped for a fourth day in New York as National Weather Service forecasts showed that warmer-than-normal weather is likely in the Midwest, mid-Atlantic and South from Feb. 13 through Feb. 17. The Energy Department today raised its forecast for 2011 gas production by 1.5 percent.