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Natural Gas Steady at Five-Month Low on Mixed Weather Outlook

Natural gas futures were little changed at a five-month low in New York as weather forecasts signaled steady U.S. demand from power plants.

Gas fell less than 1 percent after moving between gains and losses throughout the day, as Commodity Weather Group LLC predicted above-normal temperatures across most of Texas through Aug. 20 while the Northeast and the Midwest will see milder readings. Gas has tumbled 25 percent from a 21-month high on May 1 as moderate summer heat contributed to unusually large U.S. stockpile gains.