Natural Gas Futures Fall From Five-Week High on Cooler Weather
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Natural gas futures slid from a five-week high in New York as meteorologists predicted moderating temperatures that would reduce power demand.
Gas slipped 1 percent as Commodity Weather Group LLC in Bethesda, Maryland, predicted mostly normal weather in the eastern half of the U.S. from Sept. 4 through Sept. 13 as this week’s heat fades. Government data yesterday showed that gas supplies rose 67 billion cubic feet in the seven days ended Aug. 23, above the five-year average increase of 66 billion.