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Natural Gas Falls to 11-Month Low on Ample Supply, U.S. Economy

Natural gas futures fell to an 11-month low on speculation that supply will be ample as a slowing economic recovery reduces demand.

Prices fell for an eighth day after Commerce Department data showed the U.S. gross domestic product grew at a 1.6 percent annual rate in the second quarter, compared with a 2.4 percent estimate issued last month. U.S. gas inventories last week were 6.2 percent higher than the five-year average, the Energy Department said yesterday.