Natural Gas Futures Gain on Forecasts for Frigid March Weather
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Natural gas futures rose in New York for the first time this week on forecasts for below-normal March temperatures that would cut stockpiles of the heating fuel.
Gas gained 2.2 percent as MDA Weather Services in Gaithersburg, Maryland, predicted colder-than-normal weather in the eastern half of the U.S. through March 13. Inventories totaled 1.348 trillion cubic feet in the week ended Feb. 21, the lowest for the time of year since 2004, government data show.