Natural Gas Advances on Larger-Than-Expected Inventory Drop
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Natural gas futures in New York climbed the most in two weeks after a government report showed U.S. stockpiles fell more than expected last week.
Gas advanced 4.3 percent on an Energy Department report that inventories dropped 82 billion cubic feet in the week ended Dec. 14 to 3.724 trillion. Analyst estimates compiled by Bloomberg forecast a withdrawal of 75 billion, while a survey of Bloomberg users predicted a decrease of 76 billion.