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UK gas prices slide, tracking weakness in oil
(MENAFN- Saudi Press Agency) LONDON Rabi'II 2 1437 Jan 12 2016 SPA -- British gas prices sank on Tuesday tracking losses in oil markets according to Reuters.
Contracts for delivery in the second and third quarter of 2016 fell more than 4 percent as crude oil fell 3 percent heading towards $30 per barrel and levels not seen in over a decade.
Prices for week day next week delivery fell 5 percent to 33 pence per therm.
--SPA
12:07 LOCAL TIME 09:07 GMT
Contracts for delivery in the second and third quarter of 2016 fell more than 4 percent as crude oil fell 3 percent heading towards $30 per barrel and levels not seen in over a decade.
Prices for week day next week delivery fell 5 percent to 33 pence per therm.
--SPA
12:07 LOCAL TIME 09:07 GMT
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