Wednesday, July 11, 2007

Nymex Natural Gas Rises on Revised Forecasts for Warmer Weather in U.S.

(Bloomberg) -- Natural gas futures in New York rose
on an outlook for above-normal temperatures to blanket the U.S.
from California to Maine starting next week, sparking increased
electricity demand.

Hot weather is highly probable in those regions July 18 and
last through July 24, according to an eight to 14-day temperature
outlook from the Climate Prediction Center in Camp Springs,
Maryland. The center today revised an earlier forecast calling
for normal to below-normal temperatures for the period.


Read more at Bloomberg Energy News

No comments: