Gas Caps First Monthly Gain Since June on New York Cold Outlook

  • Once forecasts for cold arrived, futures prices rebounded
  • Year's loss cut in half; weekly gain most since February 2014

New Yorkers who basked in Florida-like weather this month are going to have to dig out winter gear next week. That prospect stoked a record year-end rally in U.S. natural gas to cap the first monthly gain since June.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.