Sunday, May 25, 2008

June Natural Gas Contract Hits Record NYMEX High


Natural gas for June delivery hit a high of $11.87 per million British thermal units in trading on the NYMEX. That price represents a record high for a June natural gas contract on the NYMEX.


Natural gas gained 6.8% for the week fueled by a declining dollar, higher oil, and speculation of supply disruptions during the hurricane season.