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US natural gas futures slip over 2% on forecasts for milder weather
U.S. natural gas futures fell over 2% to more than a one-week low on Wednesday on forecasts for cooler weather, especially in the northeastern part of the U.S. Front-month gas futures for September delivery on the New York Mercantile Exchange were down 5.4 cents, or 2%, at $2.61 per million British thermal units (mmBtu) at 9:49 a.m. EDT (13:49 GMT), its lowest level since Aug. 7. The contract fell nearly 5% on Tuesday. Although the weather in the lower 48 states is forecast to remain hotter than normal through at least Aug. 31, it will be significantly milder during that period and heading into September than ... (full story)