Natural Gas Falls to Six-Week Low on Forecasts of Mild Weather

- February 8th, 2011

Bloomberg reports that Natural gas futures declined to a six-week low.

Bloomberg reports that Natural gas futures declined to a six-week low.

The market news is quoted as saying:

Gas slipped for a fourth day in New York as National Weather Service forecasts showed that warmer-than-normal weather is likely in the Midwest, mid-Atlantic and South from Feb. 13 through Feb. 17. The Energy Department today raised its forecast for 2011 gas production by 1.5 percent.

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