Prices reverse earlier losses on higher consumption

LONDON (Reuters) - British wholesale gas prices reversed earlier losses on Monday, as low temperatures boosted demand for heating. Gas for immediate delivery was 1 pence higher at 57.00 pence per therm at 1157 GMT, having hit an intra-day low of 55.80 p/therm earlier. The day-ahead contract was up 0.15 p at 56.65 p/therm. Since the start of January, the two prompt contracts have gained ground due to increased demand amid colder temperatures. Demand was forecast at 367 million cubic metres (mcm)