Economics
Natural Gas Futures Rise on Hot Weather Forecast in U.S. South
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Natural gas futures rose, snapping a six-day losing streak, as forecasts showed hotter-than-normal weather in the U.S. South, boosting demand for the power-plant fuel for air conditioning.
Gas gained 2.2 percent as forecasters including MDA EarthSat Weather in Gaithersburg, Maryland, said temperatures will be as much as 14 degrees Fahrenheit above normal in the South and Midwest this week. Gas tumbled 12 percent in the previous six days on concern economic growth will slow, crimping fuel use.