The Conversation (0)
Canadian Natural Gas Prices Rise on Prediction of Colder Weather
Oct. 30, 2012 09:31AM PST
Resource InvestingBloomberg reported that forecasts for colder weather pushed Canadian natural gas prices up.
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.