Nymex Gas Plunges as Mild Weather to Reduce Demand From U.S. Power Plants

(Bloomberg) -- Natural gas futures slumped in New
York on forecasts for below-normal temperatures for the Midwest
and Northeast later this week, reducing demand for electricity to
run air conditioners.

``It's Mother Nature's market,'' said Eric Wittenauer, an
energy analyst at A.G. Edwards & Sons Inc. in St. Louis. ``It's a
temperature-sensitive market that isn't finding any underlying
support.''


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