Natural Gas Advances on Revised Forecasts of Cooler Weather

- March 8th, 2011

Bloomberg reports that natural gas futures surged for a third day in New York.

Bloomberg reports that natural gas futures surged for a third day in New York.

The market news is quoted as saying:

Gas futures gained as much as 0.7 percent as a midday update to the government’s Global Forecasting System weather model predicted below-normal temperatures beginning March 18 in the eastern Midwest and Southeast. Earlier outlooks had signaled warmer-than-normal weather in those regions.

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