DJ Sizzle Fizzle Sends Natural Gas Reeling -- Market Talk
15:01 EDT - Natural-gas futures post their biggest daily percentage drop in 6 months as forecasts for a hoped-for
late-summer heat wave moderate. Utilities use gas to generate electricity, and demand was expected to rise as people
cool homes and offices. But the latest forecasts show temperatures returning to their temperate state across much of
the US after this week. Meanwhile, robust production in the coming weeks is expected to create adequate supplies by the
start of fall heating season. Nymex October natural gas skidded 4.3% to $3.89/mmBtu, the lowest settlement since Aug.
22. (christian.berthelsen@wsj.com)
(END) Dow Jones Newswires
September 02, 2014 15:01 ET (19:01 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
090214 19:01 -- GMT
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