Natural Gas Drops a Sixth Day on Outlook for Milder U.S. Weather
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U.S. natural gas futures fell for a sixth day as forecasts for unusually mild February weather signaled reduced demand for the heating fuel.
Gas dropped 1.9 percent as forecasters including MDA Weather Services in Gaithersburg, Maryland, said above-normal temperatures in the central U.S. next week will sweep into the East from Feb. 8 through Feb. 12. The futures have declined 11 percent from a six-week high on Jan. 22 as fuel demand dropped because of above-average temperatures.