Tuesday, 05 June 2007

U.K. Natural-Gas Prices Rise on Forecast of Cooler Weather, Higher Demand

(Bloomberg) -- U.K. natural-gas prices rose after
forecasters predicted cooler weather for next week, increasing
demand for heating in homes and offices.

Gas for delivery next week at the National Balancing Point,
the U.K. trading hub, rose 3 percent to 22.4 pence a therm at
11:27 a.m. in London, according to broker ICAP Plc. That equals
$4.46 per million British thermal units. A therm is 100,000
Btus.


Read more at Bloomberg Energy News

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