Monday, June 25, 2007

U.K. Natural Gas Rises After Forecasts Show Demand to Exceed Supply Today

(Bloomberg) -- U.K. natural gas for same day
delivery increased after forecasts showed demand today is likely
to exceed supply.

Gas for delivery today traded at 22.5 pence a therm, an
increase of 7.1 percent from the last price on June 22, according
to data on Bloomberg from ICAP Plc. The price is equivalent to
$4.5 a million British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

No comments: