USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

150

U.K. Gas Inched on Fuel Demand Rise

U.K. natural gas prices climbed after the nation's network operator forecast demand for the fuel will rise

U.K. Gas Inched on Fuel Demand Rise

U.K. natural gas prices climbed after the nation's network operator forecast demand for the fuel will rise. Electricity prices declined, Bloomber reported.

Gas for delivery today at the National Balancing Point rose 0.6 pence, or 3.1 percent, to 19.75 pence a therm at 8:30 a.m., according to the broker ICAP. The price equals $3.81 per million British thermal units. A therm is 100,000 Btus.

Demand for gas in the 24 hours through 6 a.m. tomorrow was forecast at 341 million cubic meters compared with 329 million a day earlier, according to figures from the Web site of National Grid Plc, the U.K. gas network operator.

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