Natural Gas Climbs to Eight-Week High on Stockpile Forecasts
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Natural gas futures advanced to an eight-week high in New York on speculation that government data this week will show a below-normal gain in inventories of the power-plant fuel.
Gas climbed before a Sept. 19 report from the Energy Department’s Energy Information Administration that may show stockpiles rose by 59 billion cubic feet in the week ended Sept. 13, compared with the five-year average gain of 74 billion, according to the median of five analyst estimates compiled by Bloomberg.