(Bloomberg) -- U.K. natural-gas prices surged for a
third day after shippers withdrew stocks yesterday to help
satisfy demand, following a reduction in flows of the fuel at
British sub-terminals.
Gas for delivery today rose 13 percent from the last day-
ahead trade yesterday to 29.5 pence a therm, the highest price
for same-day deliveries of the fuel since Jan. 25. August gas
jumped 5.5 percent with energy broker Spectron Group Plc to a
record 27 pence a therm. That's equivalent to $5.43 a million
British thermal units. A therm is 100,000 Btus.
Read more at Bloomberg Energy News
third day after shippers withdrew stocks yesterday to help
satisfy demand, following a reduction in flows of the fuel at
British sub-terminals.
Gas for delivery today rose 13 percent from the last day-
ahead trade yesterday to 29.5 pence a therm, the highest price
for same-day deliveries of the fuel since Jan. 25. August gas
jumped 5.5 percent with energy broker Spectron Group Plc to a
record 27 pence a therm. That's equivalent to $5.43 a million
British thermal units. A therm is 100,000 Btus.
Read more at Bloomberg Energy News
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