Natural Gas to Decline as Power Demand Slackens, Survey Says
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Natural-gas futures will fall next week on speculation that demand from power generators will slump with milder weather and that higher prices will prompt some plants to switch back to coal, a Bloomberg survey showed.
Ten of 15 analysts, or 67 percent, forecast that futures on the New York Mercantile Exchange will drop through Oct. 5. Four, or 27 percent, said prices will rise and one said they will stay the same. Last week, 45 percent of participants said gas would decline through Sept. 28.