Nymex Gas Tumbles as Mild Weather Limits U.S. Demand for Abundant Supplies

(Bloomberg) -- Natural gas plunged in New York as
mild weather in much of the U.S. dulled electricity demand for
cooling needs, allowing inventories of the fuel to build toward a
record.

Stockpiles last week probably rose 73 billion cubic feet,
putting levels above year-earlier supplies for this time of year,
said Jason Schenker, an economist at Wachovia Corp. in Charlotte,
North Carolina.


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