Thursday 3 May 2012

UK winter gas prices and the Japan factor


The price of British gas for delivery this winter has been volatile over the past two months, gaining five percent in the past seven sessions, after nearly one month of downward trading, leaving traders puzzled about future direction.

Uncertainty about the trend comes at a time when large suppliers lock in contracts to deliver gas in the winter - a period when UK gas demand typically soars as users crank up their gas-fuelled heaters, making the winter a benchmark contract.

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