Natural gas futures fell for an eighth day, touching the lowest price in almost seven years, on concern that fuel demand will be slow to strengthen because of a sluggish economic recovery. Gas dropped along with energy markets and equities after Japan’s economy expanded less than economists estimated. The threat of disruption to oil and gas output in the Gulf of Mexico receded as Tropical Storm Claudette went ashore in Florida and Ana was downgraded as its winds weakened. “The biggest pusher for the energy sector is watching the economy,” said Scott Hanold, an analyst at RBC Capital Markets in Minneapolis. “The way to look at things is that they are getting less bad. It’s not like we’re seeing up-ticks” in demand.....Complete Story
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