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Natural Gas Declines in New York on Forecasts of Above-Normal Temperatures

November 24 2010, 11:48

FMX | Connect – www.fmxconnect.com - (Reported 11/24/2010)

Natural Gas Declines in New York on Forecasts of Above-Normal Temperatures

Source: Bloomberg

Natural gas futures fell in New York on forecasts for above-normal temperatures that may reduce demand for the heating fuel.

Warmer-than-normal weather is likely in New England and parts of New York from Nov. 29 through Dec. 8, according to MDA Federal Inc.’s EarthSat Energy Weather in Rockville, Maryland. Temperatures may be normal in the Great Lakes region, Southeast and parts of the central U.S. during that period, MDA said. For full article, click here.

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