(Bloomberg) -- U.K. natural gas for next-day
delivery fell from a four-month high after forecasts for supply
today increased. Shippers continued stockpiling gas now for sale
at a later date and exported supplies of the fuel to Belgium.
Gas for delivery a day ahead fell as much as 7.1 percent to
23.5 pence a therm, according to prices from broker ICAP Plc on
Bloomberg. It traded at 24.40 pence a therm at 12:09 p.m. in
London. The price is equivalent to $4.92 a million British
thermal units. A therm is 100,000 Btus.
Read more at Bloomberg Energy News
delivery fell from a four-month high after forecasts for supply
today increased. Shippers continued stockpiling gas now for sale
at a later date and exported supplies of the fuel to Belgium.
Gas for delivery a day ahead fell as much as 7.1 percent to
23.5 pence a therm, according to prices from broker ICAP Plc on
Bloomberg. It traded at 24.40 pence a therm at 12:09 p.m. in
London. The price is equivalent to $4.92 a million British
thermal units. A therm is 100,000 Btus.
Read more at Bloomberg Energy News
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