Natural gas dropped on forecasts for the weather to warm and heating demand to decline over the next two weeks, allowing utilities to shrink the massive storage deficit.
The market has become much less volatile over the past couple of months, as was the case this time last year when the weather moderated for spring.
Projected demand in the Lower 48 U.S. states would slide to an average of 77.5 bcfd next week from a forecast 81.4 bcfd.
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