(Bloomberg) -- U.K. natural gas for delivery a day
ahead rebounded from a six-week low after demand forecasts
increased and a pipe connecting England with Belgium prepared to
reverse flow direction.
Gas for delivery a day ahead at the National Balancing
Point, the U.K. trading hub, gained as much as 1 percent to
trade at 20.5 pence a therm, after earlier dropping to 20.1
pence a therm, according to broker ICAP Plc. It traded at 20.4
pence at 12:20 p.m. in London, a price equivalent to $4.07 a
million British thermal units. A therm is 100,000 Btus. Gas for
same-day delivery rose 3.8 percent to 20 pence.
Read more at Bloomberg Energy News
ahead rebounded from a six-week low after demand forecasts
increased and a pipe connecting England with Belgium prepared to
reverse flow direction.
Gas for delivery a day ahead at the National Balancing
Point, the U.K. trading hub, gained as much as 1 percent to
trade at 20.5 pence a therm, after earlier dropping to 20.1
pence a therm, according to broker ICAP Plc. It traded at 20.4
pence at 12:20 p.m. in London, a price equivalent to $4.07 a
million British thermal units. A therm is 100,000 Btus. Gas for
same-day delivery rose 3.8 percent to 20 pence.
Read more at Bloomberg Energy News
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