Natural Gas Gains Most in 3 Weeks on Outlook for Colder Weather
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Natural gas futures in New York climbed the most in three weeks on forecasts for below-normal temperatures that would boost consumption of the heating fuel.
Gas advanced 4.2 percent after MDA Weather Services in Gaithersburg, Maryland, predicted colder-than-usual weather in the Northeast and Great Lakes region from Jan. 21 through Jan. 25. A report from the U.S. Energy Information Administration yesterday showed that inventories of the fuel last week fell by the most since February 2011.