Thursday, June 7, 2007

Nymex Natural Gas Is Little Changed on Outlook for Heat and Hurricanes

(Bloomberg) -- Natural gas was steady in New York as
buyers discounted an outlook for a higher-than-normal storage
rise and bought supplies of the furnace and power-plant fuel on
forecasts for above-average temperatures and hurricanes.

U.S. inventories held in 400 underground caverns, aquifers
and reservoirs may have risen 105 billion cubic feet last week,
based on the median of 24 estimates in a Bloomberg survey of
analysts. Estimates ranged from 95 billion to 115 billion.


Read more at Bloomberg Energy News

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