(Bloomberg) -- U.K. natural gas declined, trimming
the previous session's gain, as supplies rose, compensating for
the closure of a pipeline carrying the fuel from the North Sea.
Electricity prices also fell.
Day-ahead gas slipped as much as 5.7 percent to touch 23.1
pence a therm, according to prices on Bloomberg from the broker
ICAP Plc. It traded at 23.45 pence a therm at 4:44 p.m. in
London, equivalent to $4.73 a million British thermal units. A
therm is 100,000 Btus. Next-day power fell 5.6 percent to 22.90
pounds a megawatt-hour.
Read more at Bloomberg Energy News
the previous session's gain, as supplies rose, compensating for
the closure of a pipeline carrying the fuel from the North Sea.
Electricity prices also fell.
Day-ahead gas slipped as much as 5.7 percent to touch 23.1
pence a therm, according to prices on Bloomberg from the broker
ICAP Plc. It traded at 23.45 pence a therm at 4:44 p.m. in
London, equivalent to $4.73 a million British thermal units. A
therm is 100,000 Btus. Next-day power fell 5.6 percent to 22.90
pounds a megawatt-hour.
Read more at Bloomberg Energy News
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