Natural Gas Gains as Cold Snap Helps Cut U.S. Inventory Surplus
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Natural gas futures advanced to a five-day high in New York before a government report that may show a below-average inventory increase for last week.
Gas rose 1.9 percent. The Energy Department may report a supply increase of 80 billion cubic feet, based on the median of five analyst estimates compiled by Bloomberg. The five-year average gain for the week is 84 billion. Price gains accelerated after National Weather Service forecasts for the Midwest turned cooler for mid-October.