Matt Rogers News
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Temperatures climbed to 80 degrees and beyond from New York to Washington today as snow and cold gripped the central U.S., causing some air travel delays.
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New York City temperatures are expected to rise above 70 degrees this week for the first time since October as a cooler-than-normal weather pattern breaks, starting the transition to springlike temperatures.
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Temperatures may rise into the 60s and 70s Fahrenheit (15 to 21 Celsius) along the East Coast to start next week, according to Matt Rogers, president of Commodity Weather Group LLC.
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The central U.S. and Canada may cool next week while the eastern and western coasts warm.
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The last cold snap of a weather pattern that has kept temperatures down and contributed to a series of late-winter snowstorms will push through the eastern U.S. this week.
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The Standard & Poor’s GSCI Spot Index of 24 raw materials rose 0.8 percent to settle at 654.54 at 3:51 p.m. New York time, led by natural gas.
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Natural gas futures fell in New York for the first time in three days after forecasts for the second week of April showed warmer weather.
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A blast of cooler-than-normal weather across the Great Lakes to the East Coast and down the Mississippi River Valley may be enough to boost energy demand as April begins.
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The Great Lakes and northern Great Plains regions are expected to remain cooler than normal while seasonal temperatures dominate most of the U.S. through the first week in April, said Matt Rogers, president of Commodity Weather Group LLC.
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U.S. stocks and commodities climbed, with oil posting its biggest gain of the year, after bigger-than-forecast increases in American durable-goods orders and home prices bolstered optimism in the world’s largest economy. Treasuries erased earlier losses.
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