Natural Gas Falls for Third Day in New York on Milder Weather

Natural gas futures fell for a third day in New York as forecasts showed weather will be in a normal range in the U.S. East and South this week, reducing demand for the heating and power-plant fuel.

Natural gas for June delivery dropped 3.8 cents, or 0.8 percent, to $4.632 per million British thermal units at 8:29 a.m. in electronic trading on the New York Mercantile Exchange.

(Source: http://www.bloomberg.com/news/2011-05-04/natural-gas-falls-for-third-day-in-new-york-on-milder-weather.html)