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Natural Gas Climbs to Three-Week High on Outlook for Hot Weather

Natural gas futures advanced to the highest settlement price in almost three weeks on forecasts for above-normal temperatures that would boost demand for the power-plant fuel to run air conditioners.

Gas gained 0.9 percent after Commodity Weather Group LLC in Bethesda, Maryland, predicted warmer-than-average weather in the Northeast and Great Lakes region through May 24. The high in New York on May 22 may be 85 degrees Fahrenheit (29 Celsius), 13 more than usual, according to AccuWeather Inc. in State College, Pennsylvania.