Friday, June 15, 2007

Nymex Gas Rises on Forecasts for Warmer Weather, Concern Over Storm Season

(Bloomberg) -- Natural gas rose in New York on
expectations that hot weather in the large consuming areas of the
Eastern Seaboard would spark higher electricity demand from gas-
fired generators and concern over possible storms in the Atlantic
Ocean.

The National Hurricane Center may send a Hurricane Hunter
aircraft today to investigate an area of low pressure in the
northwestern Caribbean Sea, said Michael Rose, trading director
at Angus Jackson Inc. in Fort Lauderdale, Florida.


Read more at Bloomberg Energy News

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