Natural Gas Rises on Speculation of Above-Average Stockpile Drop
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Natural gas advanced from a one-week low in New York on speculation that a government report tomorrow will show a bigger-than-average stockpile decline.
Gas rose 0.4 percent on forecasts that U.S. supplies probably fell by 176 billion cubic feet last week, based on the median of 11 analyst estimates compiled by Bloomberg. The five-year average decline for the period is 125 billion. Temperatures in parts of the Northeast and Midwest were below normal for most of the seven days, according to AccuWeather Inc.