(Bloomberg) -- Natural gas rose in New York as
speculators and users of the power-plant and furnace fuel 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, 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 and users of the power-plant and furnace fuel 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, 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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