Tuesday, June 26, 2007

Nymex Gas Falls on Forecast for Mild U.S. Weather, Adequate Inventories

(Bloomberg) -- Natural gas in New York fell for the
seventh consecutive trading session to a three month low on
forecasts for mild weather within key consuming regions and
adequate stockpiles.

``Inventories are near record highs and there is no major
heat to kick up demand or a hurricane to cut production,'' said
John Kilduff, vice president of risk management at Man Financial
Inc. in New York.


Read more at Bloomberg Energy News

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