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Natural Gas Falls to Six-Week Low on Forecasts of Mild Weather
Feb. 08, 2011 10:37AM PST
Oil and Gas InvestingBloomberg 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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