US Natural Gas Drops on Warmer Outlook, Seasonal Storage Shift

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US natural gas futures fell on forecasts showing warmer weather in the eastern US than previously expected, as well as market expectations that domestic stockpiles will increase relative to seasonally normal levels in the coming weeks as demand lowers moving into spring.US gas storage levels, which were up by 14 billion cubic feet from the seasonal norm as of March 19, will move to a 155 bcf surplus by April 16, Eli Rubin, senior energy analyst at EBW Analytics Group, said in a Monday note to clients.