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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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