Thursday, July 26, 2007

Nymex Gas Rises as Traders Seek to Lock in Prices for the Hurricane Season

(Bloomberg) -- Natural gas futures in New York
advanced as traders bought contracts to lock in lower prices
before the arrival of the most intense two months of the
hurricane season.

Buyers pushed prices higher even as a U.S. Energy Department
report today will probably show inventories rose more than
average, contributing to what may be a record when the injection
season ends in October.


Read more at Bloomberg Energy News

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