(Bloomberg) -- Natural gas plunged in New York as
mild weather in much of the U.S. dulled electricity demand for
cooling needs, allowing inventories of the fuel to build toward a
record.
Stockpiles last week probably rose 73 billion cubic feet,
putting levels above year-earlier supplies for this time of year,
said Jason Schenker, an economist at Wachovia Corp. in Charlotte,
North Carolina.
Read more at Bloomberg Energy News
mild weather in much of the U.S. dulled electricity demand for
cooling needs, allowing inventories of the fuel to build toward a
record.
Stockpiles last week probably rose 73 billion cubic feet,
putting levels above year-earlier supplies for this time of year,
said Jason Schenker, an economist at Wachovia Corp. in Charlotte,
North Carolina.
Read more at Bloomberg Energy News
