Canadian Natural Gas Prices Rise on Prediction of Colder Weather

- October 30th, 2012

Bloomberg 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.

To view the whole Bloomberg report, click here.

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