Natural Gas Falls for Third Day in New York on Milder Weather
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Natural gas futures fell for a third day in New York as forecasts showed temperatures will be lower than normal in the U.S. South this week, reducing demand for the power-plant fuel to run air conditioners.
Gas declined 2 percent as forecasters including Commodity Weather Group LLC in Bethesda, Maryland, said temperatures will be below normal through May 8. U.S. nuclear production rose for a second day in a rebound from the lowest levels in almost 12 years. The relative-strength index for gas futures stayed near a sell signal.