U.S. GAS: Futures Modestly Up; Market Watches Gulf-Area Storm
Submitted by Kate on June 22, 2012 - 12:19pm
The Wall Street Journal
Natural-gas futures were modestly higher Friday after early profit-taking was eclipsed by concerns over a potential tropical storm forming near U.S. Gulf oil and gas production facilities. Matt Smith, analyst at Summit Energy, said the potential Tropical Storm Debby, could send prices lower, if it cools down sizzling regional temperatures and cuts air-conditioning demand, without disrupting supplies.