Tuesday, July 10, 2007

Nymex Gas Rises as Warmer Weather Increases Demand From U.S. Power Plants

(Bloomberg) -- Natural gas futures in New York rose
as hot weather persisted in much of the U.S. Northwest and
Northeast, driving up demand for electricity to power air
conditioners.

Demand in the Northwest will be more than double normal
levels for this time of year as temperatures soar, David Salmon
of Belton, Missouri-based Weather Derivatives Inc. said in a
report.


Read more at Bloomberg Energy News

No comments: