Natural gas futures snapped two days of losses, rising in New York as forecasts pointed to colder weather that may boost demand for the heating fuel.
Snow fell by the foot across the Upper Great Lakes and Northern Plains as winter storms threatened to coat highways, power lines and trees with ice as far south as Texas.
A wave of polar air is sweeping into the U.S. with snow and ice, sending energy use soaring and threatening to damage crops and disrupt natural gas production.
Natural gas futures fluctuated in New York as forecasts showed milder weather later this month that would curb consumption of the heating fuel.
Natural gas advanced for the ninth time in ten days on forecasts for colder weather in the U.S. and before a government report that may show inventories fell.
Natural gas futures dropped in New York for the first time in nine days, retreating from a six- month high, as forecasts showed that a cold front will ease in mid-December, limiting heating demand.
Natural gas reached the highest level since June in New York on forecasts for colder weather.
Natural gas futures fluctuated in New York as forecasts showed milder weather that would reduce demand for the heating fuel.
Natural gas futures climbed to a five-month high on forecasts for colder weather that would boost demand for the heating fuel and deplete inventories.
Heavy rain and high wind along the U.S. East Coast are tying up air traffic for holiday travelers as the organizers of Macy’s Thanksgiving Day Parade wait to decide whether the event’s trademark balloons will fly.
Stockton’s Posner on NJ Legalizing Internet Gaming