SHARES STRONGLY UP/DOWN this week 26/12/05 (Master RSI)

Not here but somewhere else ( warm weather ).......

Natural-gas falls sharply on warm weather forecasts

NEW YORK (AFX) - Natural-gas futures fell sharply early Tuesday, pulling
back on forecasts of warmer-than-average temperatures across the U.S. this week.
Natural gas for delivery was last trading down 80 cents, or 6.6%, at $11.477
per million British thermal units. The contract lost 5% of its value on Friday
after weekly data showed the nation amply supplied with gas in storage.
Crude was down 41 cents at $58.02 a barrel. Unleaded gasoline futures were
down 1.69 cents at $1.5336 a gallon and heating-oil futures were down 1.66 cents
at $1.6887 a gallon.
The U.S. National Weather Service said at the weekend that demand for
heating fuels could be up to 25% below normal levels this week as most of the
country will see unseasonably mild temperatures. Natural-gas heating demand
alone will be almost 28% below average, the agency said.
Adding to the pressure on oil products, reports from Nigeria indicated that
the production shut in by an explosion at a pipeline operated by Royal Dutch
Shell last week is coming back on line. The amount of crude now out is just
15,000 barrels a day, down from 180,000 barrels last week.
Meanwhile, the president of the Organization of Petroleum Exporting
Countries said the group will not cut production by 2 million barrels per day at
its next meeting, although it will make a cut.
Sheikh Ahmad Fahad Al-Ahmad Al-Sabah, who is also Kuwait's Energy Minister,
said OPEC expects demand to decline to 27.8 million barrels per day in the
second quarter from almost 29.8 million barrels per day.
"This helped allay market concerns for a bigger reduction in output and,
following the strength in the weekly U.S. crude inventory data last week, has
seen prices fall back somewhat today," said economists at Action Economics.