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US natural gas futures drop over 3% on milder forecasts

US natural gas futures fell more than 3% on Monday as forecasts for milder temperatures and lower oil prices weighed on the market after weeks of weather-driven strength. Front-month NYMEX NG1! for October delivery settled down 7.6 cents.

NGTFM

US natural gas futures fell more than 3% on Monday as milder temperature forecasts and lower oil prices pressured the market after weeks of weather-driven strength. Front-month gas futures NYMEX:NG1! 6 c…