Canadian Natural Gas Gained 5.5 Percent

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.