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Natural Gas Caps Longest Advance Since June on Warmer Weather

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Natural gas futures advanced for a third straight week, the longest such streak since June, on speculation that unusually warm U.S. weather in late May will stoke demand for the power-plant fuel.

The government Global Forecast System’s midday update showed temperatures in the East may stay 2 to 5 degrees higher than the norm May 25 through May 29, said Frontier Weather Inc. Computer models previously showed temperatures swinging to cooler readings during the period.