Wednesday, July 25, 2007

U.K. Natural Gas Falls for a Third Day on Forecast of Fuel Supply Surplus

(Bloomberg) -- U.K. natural-gas prices fell for a
third day amid forecasts that supplies will exceed demand.
Electricity prices rose.

Gas for same-day delivery declined as much as 2.10 pence, or
6.8 percent, to 28.70 pence a therm, according to prices on
Bloomberg from the broker Spectron Group Plc. It traded at 28.90
pence at 9:04 a.m. London time. That's equivalent to $5.9 a million
British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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