Canadian Natural Gas Prices Rise on Prediction of Colder Weather

Bloomberg reported that forecasts for colder weather pushed Canadian natural gas prices up.

As quoted in the market report:

Gas increased as much as 2.3 percent. Heating demand is expected to increase as low temperatures spread over the eastern U.S. into mid-November, said Weather Derivatives of Belton, Missouri. Traders said Hurricane Sandy may cut demand if power goes out on the East Coast.

To view the whole Bloomberg report, click here.