Natural Gas Futures Climb on Outlook for Late-Season Heat
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Natural gas futures climbed the most in two months on forecasts for above-normal temperatures that would spur demand for the power-plant fuel, slowing the pace of supply restocking.
Hotter-than-usual weather may blanket parts of the eastern and central U.S. through Sept. 3, said MDA Weather Services in Gaithersburg, Maryland. Gas inventories were 17 percent below the five-year average in the seven days ended Aug. 15, the biggest deficit for the time of year since at least 2005.