Tuesday, July 17, 2007

U.K. Natural-Gas Intraday Price Increases as Traders Plan Increase Storage

(Bloomberg) -- U.K. natural gas for same-day
delivery increased on expectations supply will drop after traders
indicated they may pump the fuel into underground storage today.

Gas for intraday delivery gained 2.1 percent to 34.7 pence a
therm, reversing an earlier decline, according to the broker ICAP
Plc. The price is equivalent to $7.10 a million British thermal
units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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