Natural Gas Futures Gain in Survey on Hot Weather Outlook
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Natural gas futures may advance next week for the first time in four weeks as hotter U.S. weather spurs demand for the power-plant fuel to run air conditioners, a Bloomberg survey showed.
Seven of 13 analysts, or 54 percent, predicted that futures will gain on the New York Mercantile Exchange through June 21. Five, or 38 percent, said gas will decline and one said prices will stay the same. Last week, 58 percent of participants said gas would drop.