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    market news

    Canadian Natural Gas Gained 5.5 Percent

    Investing News Network
    Jan. 25, 2012 08:38PM PST
    Resource Investing News

    Bloomberg reported that Canadian natural gas gained 5.5 percent on hopes that producers decisions to cut drilling may reduce a glut of the fuel.

    Bloomberg reported that Canadian natural gas gained 5.5 percent on hopes that producers decisions to cut drilling may reduce a glut of the fuel.

    As quoted in the market news:

    Alberta gas for February delivery rose 12.75 cents to C$2.43 a gigajoule ($2.29 per million British thermal units) at 3:20 p.m. New York time on NGX, a Canadian Internet market. NGX Alberta gas has slipped 15 percent this month.

    Click here to read the full Bloomberg report.

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