Natural Gas Gains on ‘Big Burst’ of Hot Weather in U.S. East
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Natural gas futures advanced to a 10-month high on forecasts of above-normal temperatures that may increase demand for the power-plant fuel.
Gas futures gained 2.6 percent after meteorologists led by Matt Rogers at Commodity Weather Group in Bethesda, Maryland, predicted a “big burst” of heat in the eastern U.S. this week. Temperatures may be as much as 8 degrees above normal in parts of the Midwest and Northeast through June 10, the company said in a note to clients today.