Mild Weather Pushes Gas Futures Down

Bloomberg reported that natural gas futures fell in New York on Wednesday on the heels of a mild weather forecast.

As quoted in the market report:

Gas fell as much as 1.7 percent after forecasters including WSI Corp. in Andover, Massachusetts, said the weather will be warmer than normal in the Northeast from Nov. 12 through Nov. 16. Stockpiles of the fuel rose to a record 3.908 trillion cubic feet in the week ended Oct. 26, Energy Department data show.

To view the whole Bloomberg report, click here.