Monday, July 9, 2007

Nymex Gas Falls on Forecasts for End of U.S. Heat Wave Later This Week

(Bloomberg) -- Natural gas futures in New York
declined, erasing earlier gains, on a forecast for a Canadian
cool front to replace the blazing temperatures gripping the
Northeast U.S. for the next several days.

An excessive-heat warning was issued until 6 p.m.
local time for New Jersey, southeastern Pennsylvania and
Delaware, and could be extended later today to include Baltimore
and New York City, where increasing humidity and temperatures may
boost the heat index to 105 degrees Fahrenheit (41 Celsius).


Read more at Bloomberg Energy News

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