(Bloomberg) -- Natural gas fell in New York as buyers
slowed purchases of the power-plant and furnace fuel after
concerns of higher prices dissipated on forecasts for a third
consecutive storage rise of 100 billion cubic feet.
Analysts and traders said they're anticipating another rise
in storage of about 100 billion cubic feet for last week as mild
weather kept air-conditioning demand in check. An increase of 100
billion or more would be the third week in a row that storage has
risen at that level, according to Energy Department data.
Read more at Bloomberg Energy News
slowed purchases of the power-plant and furnace fuel after
concerns of higher prices dissipated on forecasts for a third
consecutive storage rise of 100 billion cubic feet.
Analysts and traders said they're anticipating another rise
in storage of about 100 billion cubic feet for last week as mild
weather kept air-conditioning demand in check. An increase of 100
billion or more would be the third week in a row that storage has
risen at that level, according to Energy Department data.
Read more at Bloomberg Energy News
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