Sunday, July 1, 2007

Gas May Rise in New York on Buying After Last Week's Decline, Survey Shows

(Bloomberg) -- Natural gas in New York may rise next
week as buyers enter the market after the August contract tumbled
7 percent from the June 22 close of $7.26 to today's close of
$6.773 per million British thermal units.

Seven of 16 traders and analysts, or 44 percent, said New
York gas futures will rise, while three others, or 19 percent,
said prices will fall, according to a survey today by Bloomberg
News. Six respondents, or 38 percent, said prices will be little
changed. The percentages may not total 100 because of rounding.


Read more at Bloomberg Energy News

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