Natural Gas Climbs to Two-Week High on Forecasts of Cold Weather
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Natural gas futures advanced to a two-week high in New York on forecasts of colder-than-normal weather that would spur demand for the heating fuel.
Gas climbed 1.4 percent after Commodity Weather Group LLC in Bethesda, Maryland, predicted below-average temperatures in the eastern half of the U.S. from Jan. 19 through Jan. 23. The low in New York on Jan. 22 may be 16 degrees Fahrenheit, 11 below normal, according to AccuWeather Inc. in State College, Pennsylvania.