Canadian Natural Gas Surges 0.6 Percent

Bloomberg reported that Canadian natural gas surged after forecasters predicted cooler weather for the U.S. Northeast.

As quoted in the market news:

Alberta gas rose 0.6 percent. New York’s temperature will top out at 27 degrees Fahrenheit (minus 3 Celsius) Jan. 4, 12 degrees below normal, according to AccuWeather Inc. Demand for heat in the city will exceed normal by 48 percent that day, according to Weather Derivatives, helping offset higher output and inventories.

Click here to read the full Bloomberg report.