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Commodities Briefing - Categorized | Energy, Price Watch more

Energy prices fall on signs demand may ebb

Posted on 29 February 2012

Natural gas fell after forecasts showed warmer-than-usual weather, limiting demand for the heating fuel. Temperatures across most of the U.S. will be normal or above average from Feb. 26 to March 8, according to the National Weather Service. Gas has dropped 16 percent this year as mild winter weather and record production contributed to an increasing surplus.
On the New York Mercantile Exchange, gas futures for April delivery declined 3.2 percent to $2.519 per million British thermal units………………………………………..Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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