Monday, June 4, 2007

Nymex Natural Gas Rises to $8 on Hurricane Worries, Cooling Demand Needs

(Bloomberg) -- Natural gas rose in New York as the
second named tropical storm of the year focused trader concerns
on possible supply disruptions of the fuel this hurricane season
and national cooling needs suggested an increase in demand.

The remnants of Tropical Storm Barry, the first of the
official Atlantic hurricane season, continued to move up the
Eastern Seaboard today from the U.S. Southeast, where it
unleashed as much as seven inches of rain and helped knock down
wildfires in Florida and Georgia.


Read more at Bloomberg Energy News

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