Canadian Natural Gas Drops 16 Cents

Bloomberg reported that Canadian natural gas dropped 16 cents as milder weather forecast over the U.S. may trim down fuel demand from electricity generators.

As quoted in the market news:

Alberta gas for September delivery slid 16 cents to C$2.0725 per gigajoule ($1.99 per million British thermal units) as of 3:55 p.m. New York time on NGX, a Canadian Internet market. Gas traded on the exchange is shipped to users in Canada and the U.S. and priced on TransCanada Corp. (TRP)’s Alberta system.

Click here to read the full Bloomberg report.