(Bloomberg) -- Natural gas in New York rose as lower
prices from yesterday's 6 percent decline attracted buyers more
worried about supply disruptions from Atlantic Basin storms than
either mild weather or rising storage levels.
``The potential for disruption in the next 16 weeks
outweighs what we have in storage,'' said Michael Rose, trading
director at Angus Jackson Inc. in Fort Lauderdale, Florida. ``You
have to do some forecasting, April, May and June are premature to
be hurricane-worrying, but July, August, September and October,
you can really worry.''
Read more at Bloomberg Energy News
prices from yesterday's 6 percent decline attracted buyers more
worried about supply disruptions from Atlantic Basin storms than
either mild weather or rising storage levels.
``The potential for disruption in the next 16 weeks
outweighs what we have in storage,'' said Michael Rose, trading
director at Angus Jackson Inc. in Fort Lauderdale, Florida. ``You
have to do some forecasting, April, May and June are premature to
be hurricane-worrying, but July, August, September and October,
you can really worry.''
Read more at Bloomberg Energy News
No comments:
Post a Comment