Natural Gas Jumps to One-Year High on Stockpile Speculation
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Natural gas futures rose to a one-year high in New York on speculation that U.S. inventories will drop for the first time this season as below-normal temperatures spur fuel demand.
Gas rose 4.7 percent, the most in six weeks, as a government report on Nov. 15 may show that stockpiles fell 15 billion cubic feet last week to 3.914 trillion, according to Donald Murry, an economist at C.H. Guernsey & Co. in Oklahoma City. That would be the earliest seasonal decline since 2007.