Monday, May 21, 2007

Nymex Gas Falls on Forecasts for Mild Weather in U.S., Ample Fuel Supplies

(Bloomberg) -- Natural gas declined in New York as
forecasts for mild weather across much of the nation are likely
to weaken demand, allowing storage of the power-plant and heating
fuel to build.

``It's going to be a very mild week,'' said Stephen A.
Smith, of Stephen Smith Energy Associates, in an interview ahead
of the opening of the market. ``The surplus will keep building
for at least a couple more weeks.''


Read more at Bloomberg Energy News

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