Natural gas futures fell in New York for the eighth day out of nine as bulging supplies of the power plant and industrial fuel weigh on the market. The Energy Department said yesterday that inventories of the fuel swelled 75 billion cubic feet to 2.796 trillion cubic feet last week, 19 percent higher than the five-year average for this time of year. “The weak fundamentals are dominating,” said Michael Fitzpatrick, vice president for energy at MF Global Ltd.....Complete Story
4 FREE Videos for INO TV! Click Here
No comments:
Post a Comment