(Bloomberg) -- Natural gas rose in New York as
speculators bought on the prospect of storms and hot weather
combining to crimp supplies later this year.
``When you have Tropical Storm Barry and then a tropical
cyclone near Qatar, where they don't have cyclones on a regular
basis, any selling has been put completely on hold because of
what people are seeing in their backyard,'' said Michael Rose,
trading director at Angus Jackson Inc. in Fort Lauderdale,
Florida.
Read more at Bloomberg Energy News
speculators bought on the prospect of storms and hot weather
combining to crimp supplies later this year.
``When you have Tropical Storm Barry and then a tropical
cyclone near Qatar, where they don't have cyclones on a regular
basis, any selling has been put completely on hold because of
what people are seeing in their backyard,'' said Michael Rose,
trading director at Angus Jackson Inc. in Fort Lauderdale,
Florida.
Read more at Bloomberg Energy News
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