Natural Gas Falls to Two-Year Low Below $3 on Stockpile Surplus
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Natural-gas futures fell below $3 for the first time in more than two years as mild weather and record production contributed to a growing stockpile surplus.
Gas capped a 32 percent annual drop, the biggest decline since 2006, as forecast for above-normal temperatures in January spurred speculation that inventories of the heating fuel will stay above average levels during the winter months, when demand is strongest.