Natural Gas Fluctuates Near 10-Month High on Weather
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Natural gas futures gained for a sixth day in New York, rising to a 10-month high, on speculation that cold weather next week will boost demand for heating fuels.
Gas rose 1.5 percent as Commodity Weather Group LLC in Bethesda, Maryland, predicted below-normal temperatures in the Northeast and Midwest over the next six to 15 days. Gas broke resistance of $3.40 per million British thermal units yesterday, finding support there, said Chris Kostas, senior gas analyst for Energy Security Analysis Inc. in Andover, Massachusetts.