(Bloomberg) -- Natural gas rose in New York as
buyers shrugged off a government report showing storage rose more
than expected, turning instead to the likelihood of searing
summer heat and disruptions caused by potential hurricanes.
``Summer has just officially started and there is certainly
plenty of time for a weather situation to impact the market,''
John Kilduff, vice president of risk management at Man Financial
Inc. in New York, said before the report. ``We need to have a
record amount of storage going into winter once again and heat
spikes we get can really stress that ability.''
Read more at Bloomberg Energy News
buyers shrugged off a government report showing storage rose more
than expected, turning instead to the likelihood of searing
summer heat and disruptions caused by potential hurricanes.
``Summer has just officially started and there is certainly
plenty of time for a weather situation to impact the market,''
John Kilduff, vice president of risk management at Man Financial
Inc. in New York, said before the report. ``We need to have a
record amount of storage going into winter once again and heat
spikes we get can really stress that ability.''
Read more at Bloomberg Energy News
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