Friday, May 18, 2007

Nymex Gas Rises on Buying by Power Generators Stocking Up for the Summer

(Bloomberg) -- Natural gas in New York rose as power
generators locked in supplies in anticipation that hot summer
weather will increase electricity demand to run air conditioners.

Most of the U.S. is forecast to have warmer-than-average
temperatures from June to August, the Climate Prediction Center
said yesterday. La Nina conditions may affect U.S. weather
patterns later this year, the center said. A La Nina occurs when
ocean temperatures cool below normal, and it can alter conditions
around the globe.


Read more at Bloomberg Energy News

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