Natural gas drops third day amid lower snowstorms predictions

Source: Bloomberg
© FP

Natural gas futures dropped in the third day since forecasts indicated weaker winter storms and warmer weather in the end of this month in New York. Natural gas futures for March delivery declined 3.3% to $4.767 per million British thermal units reaching to $.816 at 10.32 a.m. As alleged by Energy Information Administration data released yesterday, U.S. inventories slid 262 billion cubic feet in the end of January.

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