Natural Gas Advances a Second Day as Midwest Heats Up
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Natural gas futures in New York climbed the most in three weeks as forecasts showed hotter-than-normal U.S. weather that would boost demand for the power-plant fuel after the coolest July in five years.
Temperatures may be higher than average in the central and southern U.S. through Aug. 23, according to MDA Weather Services in Gaithersburg, Maryland. The average July temperature was 73.3 degrees Fahrenheit (23 Celsius) in the contiguous U.S., the lowest since 2009, government data show.