Natural Gas Falls to Six-Week Low on Forecasts of Mild Weather
Investing News Network - 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.