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Gas Still Declining, but Nuclear Power Shortage May Lead to Improvement
Sep. 18, 2012 12:44PM PST
Resource InvestingCNBC reported that the majority of spot natural gas prices continued to decline for the third day in a row as a result of mild weather. Market players are hoping that upcoming nuclear power plant outages will stoke demand.
CNBC reported that the majority of spot natural gas prices continued to decline for the third day in a row as a result of mild weather. Market players are hoping that upcoming nuclear power plant outages will stoke demand.
As quoted in the market news:
Gas for Wednesday delivery at the nation’s benchmark supply point Henry Hub in Louisiana slid 9 cents on average to $2.74 per million British thermal units, after slipping 11 cents on Monday for gas delivered on Tuesday.
On NYMEX, the front-month contract slid 9.2 cents, or more than 3 percent, to settle at $2.773. The front month has fallen nearly 10 percent in the past four sessions.
Click here to read the full CNBC report.