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Natural Gas Falls to Lowest Since 2002 on Mild Weather Outlook

Updated on

U.S. natural gas tumbled to the lowest intraday level since January 2002 amid forecasts that mild weather will persist through the end of the month.

January futures fell as much as 5.6 percent to $1.879 a million British thermal units on the New York Mercantile Exchange and traded at $1.881 at 12:14 p.m. London time. Gas is down 35 percent this year, headed for its second annual decline.