Friday, May 25, 2007

U.K. Natural Gas Rises on Forecasts of Cooler Temperatures in Coming Days

(Bloomberg) -- U.K. natural-gas prices rose after
weather forecasters predicted temperatures may cool, potentially
boosting demand for heating in homes and offices.

Gas for delivery a day-ahead at the National Balancing
Point, the U.K. trading hub, rose 4.1 percent to 25.6 pence a
therm as of 8:27 a.m. in London, according to broker ICAP Plc.
That equals $5.08 per million British thermal units. A therm is
100,000 Btus. Day-ahead contracts concluded on Friday are for
delivery the following Monday.


Read more at Bloomberg Energy News

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