Natural Gas Drops for Second Day in New York on Moderating Weather Outlook

- September 12th, 2011

Bloomberg reported that natural gas futures plunged for a second day forecasts of cooler-than-normal weather limiting demand for the fuel from power plants.

Bloomberg reported that natural gas futures plunged for a second day forecasts of cooler-than-normal weather limiting demand for the fuel from power plants.

The market news is quoted as saying:

The high temperature in New York on Sept. 17 may be 69 degrees Fahrenheit (21 Celsius), 6 below normal, according to AccuWeather Inc. in State College, Pennsylvania. The high in Chicago may also be 69 degrees.

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