U.S. Gas Rises After Falling on Moderate Weather Forecast
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Natural gas futures extended gains in New York on speculation that increased demand from electricity generators because of fuel switching will help reduce a supply surplus.
Natural gas for October delivery rose as much as 1 percent to $2.952 per million British thermal units in electronic trading today on the New York Mercantile Exchange and sold for $2.944 at 11 a.m. Singapore time. The more-actively traded November contract rose as much as 0.6 percent to $3.124.