Canadian Natural Gas Rises on Size of U.S. Inventory Increase

Nov. 17, 2011 02:21PM PST

Bloomberg reported that Canadian natural gas for December delivery inched up as U.S. stockpiles surged.

As quoted in the market news:

Alberta gas gained 0.6 percent following the U.S. Energy Department report that inventories for the week ended Nov. 11 grew by 19 billion cubic feet, compared with the 27 billion forecast by estimates compiled by Bloomberg. Stockpiles rose to 3.85 trillion cubic feet, surpassing the record set last year of 3.84 trillion.

Click here to read the full Bloomberg report.