Natural Gas Gains After Forecast Shows Colder February Weather
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Natural gas rose for a second day in New York on speculation that government weather models showing colder weather next month will spur heating-fuel demand.
Gas gained 0.1 percent after the Global Forecast System model run by the National Oceanic and Atmospheric Administration showed Midwest temperatures over the next two weeks will be lower than predicted earlier today. Gas had dropped as much as 2.8 percent after a government report showed a smaller-than-forecast decline in U.S. stockpiles.