Natural Gas Falls From Five-Year High Before Inventory Report
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Natural gas in New York fell from a five-year high before the release of a government report that may show an above-average supply drop.
Gas slid as much as 4.2 percent. Energy Information Administration data today may show inventories declined by 257 billion cubic feet last week, according to the median of 21 analyst estimates compiled by Bloomberg. The five-year average drop for the period is 133 billion. Futures rose 4.1 percent earlier, pushing the relative strength index to more than 70, which is seen as a possible sell signal.