Natural gas futures decline on forecasts of moderating weather

A CHESAPEAKE ENERGY CORP. natural gas rig stands in the North Texas Barnett Shale bed rock deposit near Burleson, Texas. / BLOOMBERG FILE PHOTO/MATT NAGER
A CHESAPEAKE ENERGY CORP. natural gas rig stands in the North Texas Barnett Shale bed rock deposit near Burleson, Texas. / BLOOMBERG FILE PHOTO/MATT NAGER
NEW YORK - Natural gas futures dropped in New York for the first time in five days on forecasts of cooler weather that would limit demand from power plants. Gas slid as much as 1.8 percent as Commodity Weather Group LLC in Bethesda, Maryland, predicted mostly normal or below- normal temperatures in the eastern and…

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