U.S. Natural Gas Rebounds to Five-Week High on Weather Outlook
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Natural gas futures rose for the fifth time in six days in New York amid speculation that warmer weather will increase demand for the fuel from power stations.
Futures gained as much as 3 percent in electronic trading, the highest intraday level since July 25. The western half of the U.S. will experience warmer-than-normal temperatures from Sept. 2 to Sept. 11, according to data from the website of AccuWeather Inc. in State College, Pennsylvania. Power generation accounts for about 32 percent of U.S. gas demand.