UK gas prices reversed
losses on Thursday as contracts edged higher after three days of losses on
the return of colder weather, traders said.
GMT, while the month-ahead price traded at
57.80 pence ($8.97 per mmBtu), up 1.10 pence. “People might have gone short yesterday and are now taking some profit,” one
gas trader said. “Also, winter isn’t over yet. I think people might have realised that we
could still get some cold weather and could
struggle with storage running low.” http://af.reuters.com/article/energyOilNews/idAFLDE7050QW20110106