Natural Gas Prices Rise on Residential Demand Uptick

By International Business Times,  September 28, 2012, 10:27:33 AM EDT

Storage Levels Expected to Hit Record High in October

Benchmark U.S. natural gas prices rose sharply over the past week as higher residential and commercial demand offset lower power sector consumption, the Energy Information Administration said.

Henry Hub gas as of September 26 was $2.92 per million British thermal units, up 22 cents, or 8.1%, from a week earlier. In NYMEX futures trading September 27, November gas rose 8.2 cents to $3.297, up 22.6 cents, or 7.4%, from the end of last week.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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