Natural gas rose as much as 1.4 percent in early March after speculation that unusually cold weather on the east coast would increase demand for heating fuel. Forecasters from the MDA Weather Services predicted a week of colder weather, including waves of freezing weather, that could cause an increase in the pace natural gas is removed from storage, made more apparent by the unexpected warmth of the beginning of the season. Tom Saal, the senior vice president of energy trading at FCStone Latin America in Miami commented that the late withdrawals from storage will mean extra gas that will need to be refilled in the summer.
Read the full article here: Natural Gas Climbs as Eastern U.S. Cold Blast Spurs Heating Use