Monday, July 30, 2007

U.K. Natural Gas Rises on Forecast That Demand May Exceed Expected Supply

(Bloomberg) -- U.K. natural gas prices rose as
forecasts showed demand may outstrip supply.

Gas for same-day delivery increased 13 percent to 32 pence a
therm as of 9:20 a.m. local time, according to prices on
Bloomberg from the broker ICAP Plc. That's equivalent to $6.50 a
million British thermal units. A therm is 100,000 Btus. Day-ahead
gas gained 9 percent to 32.5 pence a therm.


Read more at Bloomberg Energy News

No comments: