Friday, June 15, 2007

Nymex Gas Rises on Forecasts for Warmer Weather, Concern Over Storm Seaso

(Bloomberg) -- Natural gas rose in New York on
expectations that hot weather in the large consuming areas of the
Eastern seaboard would spark higher electricity demand from gas-
fired generators and concern possible storms in the Atlantic
Ocean would disrupt supplies.

Temperatures may reach 96 degrees Fahrenheit in New York, the
most populous U.S. city, by June 19, according to MDA Federal
Inc.'s EarthSat Energy Weather. That would be about 12 degrees
above the average temperature for that day, the forecaster said.


Read more at Bloomberg Energy News

No comments: