Natural Gas Rises to 1-Year High as Supply Drop Exceeds Forecast
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Natural gas futures advanced to the highest price in in more than a year after a government report showed a bigger-than-forecast inventory decline.
Gas gained 1.9 percent after the Energy Department said U.S. stockpiles fell 38 billion cubic feet last week to 3.873 trillion. Analyst estimates compiled by Bloomberg showed a decrease of 28 billion and a survey of Bloomberg users predicted a drop of 30 billion.