U.S. Natural Gas Gains a Fifth Day After Supply Forecasts
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Natural gas futures advanced to the highest price in almost 10 months as forecasts for cooler Midwest weather signaled higher demand for heating fuel.
Gas gained 4.8 percent as MDA EarthSat Weather in Gaithersburg, Maryland, predicted below-normal temperatures in the central U.S. over the next six to 10 days. Heating demand nationwide will be 78 percent above normal Oct. 7 through Oct. 11, data from Weather Derivatives in Belton, Missouri, show.