(Bloomberg) -- Natural gas in New York advanced as
institutions moved to lock in supplies before any mid-summer
price spikes and traders covered their short positions ahead of a
Midwest heat wave that could send fuel prices higher.
``It's the institutional buying'' usual for this time of
year sending prices higher today, said Wendell Tucker, a broker
for Capital Commodity Services Inc. in Minneapolis. ``The
market's too cheap.''
Read more at Bloomberg Energy News
institutions moved to lock in supplies before any mid-summer
price spikes and traders covered their short positions ahead of a
Midwest heat wave that could send fuel prices higher.
``It's the institutional buying'' usual for this time of
year sending prices higher today, said Wendell Tucker, a broker
for Capital Commodity Services Inc. in Minneapolis. ``The
market's too cheap.''
Read more at Bloomberg Energy News
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