Wednesday, July 18, 2007

Nymex Gas Rises on Forecasts for Hot Weather in U.S. Midwest, Northeast

(Bloomberg) -- Natural gas futures rose in New York
on forecasts for a prolonged heat wave for the large population
regions of the Midwest and Northeast starting early next week.

Above-normal temperatures are expected in the Midwest on
July 23 and will expand to much above for the northern half of
the country by July 26, according to MDA Federal Inc.'s Earthsat
Energy Weather. The warm weather is likely to remain in place
until Aug. 1, the forecaster said in a report today.


Read more at Bloomberg Energy News

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