Canadian Spot Gas Drops Minimally Going into Long Weekend

Reuters reported that Canadian spot natural gas prices declined slightly on forecasts for moderate temperatures over the long weekend.

As quoted in the market news:

Spot gas at the AECO storage hub in southeastern Alberta slipped 1 Canadian cent to average C$2.12 a gigajoule.

Deals were done between C$2.07 and C$2.15 a GJ. Temperatures in Toronto, Canada’s largest market, are forecast to be above average for the next six days, though values will ease early next week, Environment Canada said. Southern Alberta temperatures are expected be a few degrees on either side of seasonal through Thursday.

Click here to read the full Reuters report.