U.S. Natural Gas Advances on Forecasts for Colder Weather
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Natural gas futures declined in New York for the second time in three days as inventories of the fuel headed toward an end-of-season record.
Gas dropped 0.3 percent. Stockpiles rose by 77 billion cubic feet to 3.653 trillion last week, Energy Department data showed yesterday. Analysts had predicted a gain of 73 billion. Inventory levels may reach an all-time high of 3.95 trillion cubic feet before cold weather boosts demand for the heating fuel, according to the department.