Friday, June 8, 2007

Nymex Natural-Gas Price Falls for Second Day as Weather Concern Relaxes

(Bloomberg) -- Natural gas in New York fell for a
second day as the current flow of gas into storage would push
stockpiles to a record at the start of next winter when demand
surges to run furnaces.

Supplies rose 110 billion cubic feet last week, the U.S.
Energy Department said in a report released yesterday. The
increase, higher than the five-year average for the third
consecutive week, was ahead of analyst expectations. A Bloomberg
survey of 25 analysts estimated inventories would expand by 105
billion cubic feet.


Read more at Bloomberg Energy News

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