Thursday, December 07, 2006

January natural-gas futures edged up 2.9 cents to $7.756 per million British thermal units ahead of weekly gas-supply data.

The price hit its lowest level since late September in intraday trading, but recovered to post a gain and halt a four-session losing streak.

Analysts at Strategic Energy & Economic Research expect the Energy Department to report a decline of 8 billion cubic feet of gas supplies for the week ended Dec. 1.