Wednesday, July 11, 2007

U.K. Natural Gas Rises on Higher Fuel Demand After Offshore Supply Boost

(Bloomberg) -- U.K. natural gas for same-day
delivery rose on higher forecasts of demand for the fuel,
following yesterday's increase in supplies from offshore fields.

Gas for delivery today rose 2 percent from yesterday's last
day-ahead price to 28.5 pence a therm, according to prices on
Bloomberg from the broker ICAP Plc. That's equivalent to $5.78 a
million British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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