Monday, June 4, 2007

U.K. Natural Gas Declines on Forecasts of Warm Temperatures in Coming Week

(Bloomberg) -- U.K. natural-gas prices declined as
forecasts of warmer temperatures later this week eased demand
for heating in homes and offices.

Gas for delivery this week at the National Balancing Point,
the U.K. trading hub, fell 14 percent to 20.6 pence a therm as of
8:43 a.m. in London, according to broker ICAP Plc. That equals
$4.09 per million British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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