Natural Gas Futures Rise as Cold May Limit Supply Gains
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Natural gas futures capped a weekly gain in New York on concern that supplies may not be adequate as the heating season approaches.
Stockpiles of the power-plant fuel were 13 percent below the five-year average as of Sept. 19 and 11 percent lower than a year earlier, the Energy Information Administration said yesterday. Cold weather may blanket parts of the Midwest over the next eight to 14 days, a government forecast shows. The contract for October delivery expired today.