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Natural Gas Rises First Time in Three Days After U.S. Debt Deal

Oct. 17 (Bloomberg) -- Natural gas futures rose for the first time in three days after U.S. lawmakers voted to increase the nation’s debt ceiling, easing concern of a default.

Prices rose as much as 0.8 percent today. The U.S. Congress voted to halt the 16-day government shutdown and raise the debt limit, ending the nation’s fiscal impasse.

Natural gas for November delivery increased as much as 3.1 cents to $3.80 per million British thermal units on the New York Mercantile Exchange, and was at $3.798 at 12:34 p.m. Singapore time. The contract fell 2.1 cents to settle at $3.769 yesterday, the lowest close since Oct. 10.

To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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