Canadian Natural Gas Falls on Report of Higher U.S. Inventories

- August 18th, 2011

Bloomberg reports that Canadian natural gas plunged after a U.S. government report showed last week’s inventories increased.

Bloomberg reports that Canadian natural gas plunged after a U.S. government report showed last week’s inventories increased.

The market news is quoted as saying:

Prices, which usually follow their U.S. counterparts on the New York Mercantile Exchange, declined 0.2 percent as the Energy Department said U.S. stockpiles climbed 50 billion cubic feet to 2.833 trillion.

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