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US natgas climbs more than 3% on cold weather forecast, set for monthly gain
U.S. natural gas futures climbed more than 3% on Friday and were on track for a monthly gain, driven by forecasts for colder weather that should boost heating demand and force utilities to start pulling more gas from storage. Front-month gas futures for January delivery on the New York Mercantile Exchange were up 10.8 cents, or 3.4%, to $3.31 per million British thermal units (mmBtu) at 9:18 a.m. EST (1419 GMT). The contract has gained about 22% so far this month. “Natural gas is snapping back as cold weathers, unlike we have seen in recent years is making a comeback. We are seeing it impact gas prices not only ... (full story)