Natural Gas Rises to 4-Week High on Below-Forecast Supply Gain
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Natural gas futures jumped in New York to the highest price in four weeks after U.S. stockpiles climbed by less than forecast last week.
Gas gained 5 percent after the Energy Information Administration said inventories rose 58 billion cubic feet in the week ended July 12 to 2.745 trillion. Analyst estimates compiled by Bloomberg showed an injection of 65 billion. Gas has risen in four of the past five days as scorching Northeast weather boosted demand from power plants.