Friday, May 18, 2007

Nymex Natural Gas Is Little Changed Amid Outlook for Higher Temperatures

(Bloomberg) -- Natural gas in New York was little
changed after surging to its highest in more than five months on
concern about possible supply disruptions from hurricanes and
forecasts for hot summer weather.

Most of the U.S. is forecast to have warmer-than-average
weather from June to August, the Climate Prediction Center said
yesterday. La Nina conditions may affect U.S. weather patterns
later this year, the center said. A La Nina occurs when ocean
temperatures cool below normal, and it can alter conditions
around the globe.


Read more at Bloomberg Energy News

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