Monday, April 16, 2007

Nymex Gas Falls on Forecasts for End to Cold Spell Across Much of the U.S.

(Bloomberg) -- Natural gas fell in New York as forecasters said a trend of below-average temperatures would ease later this week, reducing consumption of the heating fuel.

The entire eastern half of the nation will get higher-than- normal temperatures from April 21 through 29, the latest outlook from government forecasters at the Climate Prediction Center showed. Benchmark natural gas futures have climbed 12 percent the past month.


Read more at Bloomberg Energy News

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