(Bloomberg) -- U.K. natural gas for next-month
delivery climbed to a record as day-ahead contracts rose,
prompting traders to buy forward contracts to protect against
possible price jumps.
Gas for August advanced for a third day, rising as much as
1.3 pence, or 4.3 percent, to 31.50 pence a therm, according to
prices on Bloomberg from the broker Spectron Group Plc. It traded
at 31.15 pence at 12:31 p.m. London time. That's equivalent to
$6.40 a million British thermal units. A therm is 100,000 Btus.
Read more at Bloomberg Energy News
delivery climbed to a record as day-ahead contracts rose,
prompting traders to buy forward contracts to protect against
possible price jumps.
Gas for August advanced for a third day, rising as much as
1.3 pence, or 4.3 percent, to 31.50 pence a therm, according to
prices on Bloomberg from the broker Spectron Group Plc. It traded
at 31.15 pence at 12:31 p.m. London time. That's equivalent to
$6.40 a million British thermal units. A therm is 100,000 Btus.
Read more at Bloomberg Energy News
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