Natural Gas Drops to Six-Week Low on Forecast of Milder Weather

Bloomberg reports that Natural gas futures declined to the lowest level in almost six weeks.

The market news is quoted as saying:

Natural gas for March delivery fell 14.7 cents, or 3.4 percent, to $4.163 per million British thermal units at 12:03 p.m. on the New York Mercantile Exchange after declining to $4.154, the lowest intraday price since Dec. 28. The futures have dropped 25 percent from a year ago.

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