Natural Gas Futures Rise After Bigger-Than-Expected Supply Drop
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Natural gas futures climbed from a 14-week low in New York after a government report showed a larger-than-forecast decline in U.S. stockpiles.
Gas rose 2.8 percent after the Energy Department said U.S. stockpiles fell 135 billion cubic feet last week to 3.517 trillion, exceeding the five-year average drop for the week of 111 billion. Analyst estimates compiled by Bloomberg showed an expected decline of 130 billion.