Natural Gas Caps Third Weekly Drop Forecasts for Mild Weather

Gas stockpiles were 9.1 percent below the five-year average in the week ended Oct. 17, down from a record 55 percent at the end of March, government data show. A midday update to the government's Global Forecast System weather model showed a mixed outlook for next week after above-normal temperatures through Oct. 28. "The lack of seasonal demand and the amount of gas we're putting in the ground continue to depress the market," said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut.

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