MTECHTIPS:- U.S. natural gas falls to 1-week low on bets for bearish

MTECHTIPS:- U.S. natural gas falls to 1-week low on bets for bearish storage data

MTECHTIPS- U.S. natural gas futures declined for the second day in a row on Wednesday, falling toward a one-week low as weather forecasts for the end of January turned warmer, which should dampen demand for the heating fuel. Weather models initially predicted colder temperatures throughout most parts of the U.S. during the period. Natural gas markets have been volatile in recent weeks, changing course rapidly in response to shifting outlooks in short-term weather patterns. Prices typically rise during the winter as colder weather sparks indoor-heating demand. About half of U.S. homes use natural gas for heating. Natural gas for February delivery on the New York Mercantile Exchange dropped nearly 3% to a session low of $3.310 per million British thermal units, a level not seen since January 12. It was last at $3.320 by 9:00 AM ET (14:00 GMT), down 9.2 cents, or around 2.7%, after dipping 0.7 cents, or 0.2%, the day before

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