Natural Gas Futures Jump in New York on Hot Weather in South
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Natural gas futures gained the most in more than three weeks as forecasts showed hotter-than-normal weather in southern states, lifting demand for gas-fired electricity for air-conditioning.
Gas rose for the first time in three days as forecasters including Commodity Weather Group LLC in Bethesda, Maryland, said temperatures may be 14 degrees above normal in the South through April 28. Scheduled gas deliveries to U.S. power plants rose to the highest level in almost 10 weeks, according to data compiled by Bloomberg.