Friday, May 18, 2007

U.K. Natural Gas For This Weekend Falls on Forecast of Warmer Temperature

(Bloomberg) -- U.K. natural-gas prices for delivery
this weekend fell as warmer-than-normal temperatures may curb
demand for the fuel to heat homes.

Gas for weekend delivery at the National Balancing Point, the
U.K. trading hub, declined 3.1 percent to 23.5 pence a therm at
11:30 a.m. in London, according to broker ICAP Plc. That's equal to
$4.64 per million British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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