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U.K. Natural Gas Falls on Cheaper Oil

Investing News Network
Mar. 08, 2011 10:51AM PST
Oil and Gas Investing

SF Gate reports that U.K. natural gas and power contracts fell after two days of gains.

SF Gate reports that U.K. natural gas and power contracts fell after two days of gains.

The market news is quoted as saying:

Gas for summer, the six months from April, lost 1.35 pence, or 2.3 percent, to 58.2 pence a therm, according to broker prices compiled by Bloomberg as of 4:30 p.m. in London. That’s equal to $9.40 a million British thermal units. The winter contract dropped 1.2 pence to 67.6 pence.

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