Monday, July 9, 2007

Nymex Gas Rises as Warmer-Than-Normal Weather Boosts Demand in U.S. East

(Bloomberg) -- Natural gas futures in New York rose
for the first time in five trading sessions as hot weather pushed
into the eastern U.S., boosting demand for electricity to power
air conditioners.

New York's high temperature today is forecast to reach 96
degrees Fahrenheit (36 Celsius), about 12 degrees above normal,
according to the National Weather Service. The hot weather will
last through July 11, with maximum temperatures of 95 degrees
tomorrow and 91 the following day, the forecaster said.


Read more at Bloomberg Energy News

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