Friday, August 3, 2007

Nymex Gas Rises on Forecast for Extended Hot Spell Across Much of the U.S.

(Bloomberg) -- Natural gas in New York rose on
forecasts that above-normal temperatures in the Midwest and
Northeast may stretch out into late next week, sparking demand
for electricity to power air conditioners.

Hot weather will surge next week across the nation from the
Rockies to the Eastern Seaboard, according to forecaster
AccuWeather.com. Temperatures will rise starting today in cities
like Denver from forecast highs of 90 degrees Fahrenheit to 92
through the weekend and ``the Northeast will not be graced by a
dramatic drop in temperatures,'' the forecaster said.


Read more at Bloomberg Energy News

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