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Natural Gas Futures Advance on Forecasts for Colder Weather
Oct. 25, 2011 10:58PM PST
Oil and Gas InvestingBloomberg reported natural gas futures surged on anticipation of lower than normal temperature that may increase demand for the heating fuel.
Bloomberg reported natural gas futures surged on anticipation of lower than normal temperature that may increase demand for the heating fuel.
As quoted in the market news:
Gas futures advanced 1.5 percent after Commodity Weather Group LLC said in its seasonal forecast yesterday that the coming U.S. winter may be the coldest in more than 10 years.