Natural Gas Rises to Nine-Day High as Storm Crosses U.S. Midwest
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Natural gas rose to a nine-day high as a storm that dropped snow across the U.S. Midwest headed for the Northeast and Mid-Atlantic states, boosting demand for the fuel at a time when stockpiles are at a 10-year seasonal low.
Prices climbed as much as 4.9 percent. A winter storm passing that may drop as many as 6 inches of snow on Chicago and Pittsburgh will reach the eastern U.S. tomorrow, AccuWeather.com and National Weather Service said today. New York may get 1 to 2 inches before the storm switches over to rain, while Boston may receive 1 to 3 inches.