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Natural Gas Climbs a Third Day on Forecasts of Colder Weather

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Feb. 6 (Bloomberg) -- Natural gas futures rose a third day on forecasts of colder-than-usual weather that will stoke demand for the heating fuel.

* Futures gained as much as 3.3 cents, or 1 percent, to $3.432

per million British thermal units in electronic trading

today on the New York Mercantile Exchange * Prices head for highest close since Jan. 25 * Forecasters including Commodity Weather Group LLC said

below-normal temperatures will sweep into parts of the

Midwest over the next 11 to 15 days. The decline in U.S. gas

inventories in the first 13 weeks of this heating season was

34 percent higher than the same period a year ago, when the

U.S. was in the middle of the fourth-warmest winter on

record * Gas inventories probably fell by 125 billion cubic feet last

week, according to the median of five analyst estimates

compiled by Bloomberg. The five-year average decline for the

period is 165 billion, according to the Energy Information

Administration.

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