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Natural Gas Rises First Time in Three Days After U.S. Debt Deal

Natural gas futures rose for the first time in three days after U.S. lawmakers voted to increase the nation’s debt ceiling, easing concern of a default.

Prices rose as much as 0.8 percent today. The U.S. Congress voted to halt the 16-day government shutdown and raise the debt limit, ending the nation’s fiscal impasse.

Natural gas for November delivery increased as much as 3.1 cents to $3.80 per million British thermal units on the New York Mercantile Exchange, and was at $3.798 at 12:34 p.m. Singapore time. The contract fell 2.1 cents to settle at $3.769 yesterday, the lowest close since Oct. 10.

To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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