Natural Gas Drops Most in Three Weeks on ‘Breakneck’ Output
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Natural gas futures fell the most in three weeks on speculation that production will rise faster than demand as the end of the U.S. winter heating season nears.
Gas futures dropped 4.1 percent as U.S. output of the fuel advanced for the fifth consecutive month in December, the Energy Department reported yesterday. Temperatures may be above normal next week in eastern states, crimping demand for the heating and power-plant fuel.