Natural Gas Retreats as Milder Weather to Follow Winter Storm

Natural gas futures retreated in New York on speculation that a winter storm in the East this week will give way to milder weather that will reduce demand for the heating fuel.

Gas fell less than 1 percent as MDA Weather Services predicted a warm-up will spread above-normal temperatures across most of the lower 48 states from Feb. 17 through Feb. 21. A government report tomorrow will probably show a supply drop for last week that exceeded the five-year average by 43 percent, according to analyst estimates compiled by Bloomberg. Read more

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