Wednesday, June 13, 2007

Nymex Gas Rises on Forecasts for Warmer Weather in U.S. Midwest, Northeast

(Bloomberg) -- Natural gas in New York rose for a
second day on forecasts for hot weather over the most populous
regions of the U.S., sparking demand for electricity to power air
conditioners.

``Chicago is going to be in the 90s, high 80s next week and
the forecast for the next couple of weeks is fairly positive for
gas prices,'' said Peter Linder, an energy analyst with DeltaOne
Capital Partners in Calgary.


Read more at Bloomberg Energy News

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