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Keyword: gasbubble

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  • Natural gas soars to new highs as winter storm slams US

    12/09/2005 4:30:15 AM PST · by Flavius · 36 replies · 830+ views
    Turkish Daily News & AP ^ | December 10, 2005 | En-Lai Yeoh
    SINGAPORE (AP) -- Natural gas prices rose to a new record Friday as a winter storm hit the northern United States, while crude and heating oil prices also gained amid expectations for strong demand. Natural gas for January on the New York Mercantile Exchange reached a new intraday high of $15.52 per 1,000 cubic feet in Asian trading before slipping back to $15.351 per 1,000 cubic feet, up nearly 36 cents. The contract had closed at $14.994 overnight, also a new record. ADVERTISEMENT Nymex crude was also higher. Light, sweet crude oil for January delivery surged 58 cents to $61.24...