Natural Gas Advances on Forecasts for Cold Start to New Year
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Natural gas advanced in New York on speculation that an unusually cold start to the new year will stoke demand for the heating fuel.
Gas gained 1.4 percent as Commodity Weather Group LLC predicted a push of below-normal temperatures into the Northeast, Midwest and South through Jan. 8. The high in New York City on Jan. 3 will be 18 degrees Fahrenheit (minus 8 Celsius), 21 below normal, according to AccuWeather Inc.