Monday, July 23, 2007

Nymex Gas Falls to Seven-Month Low on Mild U.S. Weather, Ample Inventories

(Bloomberg) -- Natural gas fell to a seven-month low
in New York as a combination of mild temperatures and high
inventories served to undercut demand and push down prices.

The potential for hot weather forecast last week for the
high-demand areas of the U.S. East Coast later this week is now
``diminished'' and temperatures will be lower than normal, MDA
Federal Inc.'s Earthsat Energy Weather of Rockville, Maryland,
said in an outlook today.


Read more at Bloomberg Energy News

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