Wednesday, 23 May 2007

Nymex Gas Falls on Expectation of Larger-Than-Normal U.S. Inventory Gain

(Bloomberg) -- Natural gas in New York fell, erasing
earlier gains, before tomorrow's government report on stockpiles
that analysts forecast will show a higher-than-normal increase
for last week.

Gas supplies held in underground caverns last week may have
jumped 96 billion cubic feet, based on the average of 18
estimates in a Bloomberg survey of analysts. Storage levels rose
95 billion for the week ended May 11, an Energy Department report
last week showed.


Read more at Bloomberg Energy News

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