Natural gas falls on forecasts of warmer weather
Natural gas drops on forecasts of warmer weather for the US
By The Associated Press
Associated Press
2014-02-01 06:42 AM

NEW YORK (AP) -- Natural gas prices are falling amid forecasts of warmer weather in the U.S.

Natural gas for delivery in March fell 6.8 cents, or 1.4 percent, to $4.94 per 1,000 cubic feet on Friday. The fuel is still up 17 percent this year.

The price surged to its highest level in almost four years Wednesday as cold weather covered large parts of the U.S. The rough winter has boosted demand for gas, the most widely used source of heating in the country.

In other energy trading, the price of crude oil fell 74 cents, or 0.8 percent, to $97.49 a barrel.

Agricultural futures edged higher. Corn, wheat and soybeans rose.

Metals edged lower and copper dropped the most.

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