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Natural gas jumps to 20-month high as Goldman boosts outlook

Posted on 08 April 2013

Natural gas futures in New York surged the most in four months, settling at a 20-month high, as cold weather helped erase a stockpile surplus and Goldman Sachs Group Inc. raised its 2013 gas price forecast.
Gas jumped 4.5 percent, the biggest one-day gain since Dec. 5, as MDA Weather Services predicted below-normal temperatures in north-central states next week while Texas and the Southeast will see hotter-than-normal readings April 15-19. Unusually cold March weather pushed supplies below the five-year average for the first time since 2011, and prompted Goldman Sachs to increased its price outlook by 17 percent………………………………………..Full Article: Source


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