Monday, 30 July 2007

Nymex Gas Rises on Forecast for Warmer-Than-Normal Weather in Much of U.S.

(Bloomberg) -- Natural gas in New York rose on
forecasts that above-normal temperatures in the U.S. Midwest and
Northeast may stretch out into mid August, boosting demand for
electricity to power air conditioners.

The northern two-thirds of the nation, including such cities
as Chicago and New York, will have temperatures as much as 7
degrees above normal this week, according to forecaster MDA
Federal Inc.'s Earthsat Energy Weather.


Read more at Bloomberg Energy News

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