Natural Gas May Fall in New York As Demand, Storm Threat Ease

Summary

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Natural gas in New York, the worst- performing major commodity this year, may decline for a second week as cool weather reduces demand and concerns ease that hurricanes may damage Gulf of Mexico pipelines.

Seven of 17 traders and analysts, or 41 percent, predicted prices will decline this week, according to a Sept. 1 survey by Bloomberg News. Four said prices will gain, and six expected little change.

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Extract

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Natural Gas May Fall in New York As Demand, Storm Threat Ease

Utilities increased inventories of the fuel as mild weather during most of August cut demand from power plants. Benchmark futures in New York, down 50 percent from a year ago, tumbled 26 percent in August, the biggest monthly drop since Februa...

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