Thursday, July 12, 2007

U.K. Natural Gas Price Rises on Forecast on Forecast Decline in Supplies

(Bloomberg) -- U.K. natural gas rose as forecasts
indicated supplies of the fuel will probably decline today.

Gas for delivery intraday gained as much as 3.6 percent to
31.7 pence a therm, according to prices on Bloomberg from broker
ICAP Plc. It traded at 31 pence at 12:15 p.m. in London. That's
equivalent to $6.4 million British thermal units. A therm is
100,000 Btus.


Read more at Bloomberg Energy News

No comments: