part of the country and Florida, and below normal readings from the Northeast to the Upper Midwest.
natural gas futures slid more than 2 percent in early trading on Monday on forecasts for reduced heating demand this week and on profit taking after prices reached seven month highs last week.
Last week's gas storage report showed total inventories stood at 3.533 trillion cubic feet, more than 7 percent below last year's level and nearly 3 percent below the five year average. Ghd Curls Images
On Friday, gas reached $4.443, the highest price since May and less than 1 cent shy of its highest mark since July 2011. National Weather Service in its six to 10 day outlook issued Sunday predicted above normal temperatures in the East from New York to Florida and west to Louisiana, and below normal readings in the Central part of the country from Texas to Minnesota and then east to New England.
natgas futures slip 2 Beats By Dre Pro Box percent on profit
The NWS's eight to 14 day outlook shows above normal temperatures in the western Chi Flat Iron Colors
"Natural gas futures are receding this morning on a combination of a round of profit taking selling motivated by what looks like a moderating weather pattern working its way across the country over the next week or so," Energy Management Institute partner Dominick Chirichella said in a report. EST (1355 GMT), front month January futures on the New York Mercantile Exchange were down 10.7 cents at $4.244 per Beats By Dre Studio Headphones
million British thermal units.
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