Thursday, 3 February 2011

UK curve gas rallies again on rising oil

Wholesale British curve gas prices rose again on Thursday as increasing unrest in the Middle Eastdrove crude oil prices higher, traders said.
After violence in Egypt escalated and tensions rose in gas exporter Yemen, Summer 2011 gas prices in Europe's biggest market rose to 54.35 pence per therm ($8.81 per mmbtu) by 1110 GMT on Thursday, up from a previous close of 53.80 pence, as oil prices broke through $103 a barrel LCOc1.

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