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U.S. Gas Drops the Most in Four Months

  • Temperatures seen turning cooler in eastern half of country
  • Gas stockpiles remain above normal for the time of year
At the Southwestern Energy Co., natural gas production site, water and sand are mixed and then pumped through the tubes at pressures over 6,600 psi into the well during fracture stimulation, at the Marcellus Shale formation in Camptown, Pennsylvania, on Oct.19, 2011.
Photographer: Julia Schmalz/Bloomberg
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U.S. natural gas futures slid the most in four months on forecasts for milder weather that would curtail demand for the power-plant fuel after a hot spell last week.

Temperatures may be mostly below normal in the central U.S. and average on the East and Gulf coasts from June 24 through June 28, according to Commodity Weather Group LLC. Chicago’s high will probably be 74 degrees Fahrenheit (23 Celsius) on June 24, 8 below the usual reading, AccuWeather Inc. data show.