Wednesday, June 27, 2007

Gas Rises in Late-Session New York Trading, Following Oil Futures Higher

(Bloomberg) -- Natural gas in New York rose, erasing
an earlier loss, as crude oil prices surged following a
government report showing an unexpected decline in U.S. gasoline
stockpiles.

``Crude oil, the products, all had numbers that weren't as
bearish as people wanted them to be so they took the whole
complex up,'' said Michael Rose, trading director at Angus
Jackson Inc. in Fort Lauderdale, Florida.


Read more at Bloomberg Energy News

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