Natural Gas Drops Most in 11 Months on Milder Weather Forecasts
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Natural gas futures fell by the most in 11 months in New York on speculation that moderating U.S. weather will limit demand for the heating fuel.
Prices slid 9.5 percent, the biggest decline since Feb. 24. Temperatures from the Great Plains through Florida will be above normal over the next five days, with seasonal or higher readings through Jan. 29, said Commodity Weather Group LLC. An inventory surplus to year-earlier levels widened to a 28-month high, according to a government report last week.