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    market news

    Mild Weather Pushing Canadian Natural Gas Down

    Investing News Network
    Oct. 23, 2012 10:56AM PST
    Oil and Gas Investing

    Bloomberg reported that Canadian natural gas is showing similar declines seen in the U.S. market, brought on by mild weather.

    Bloomberg reported that Canadian natural gas is showing similar declines seen in the U.S. market, brought on by mild weather.

    As quoted in the market report:

    The front-month gas contract in Alberta declined 4.8 percent after rising on Oct. 19 to its highest level since Nov. 10. Gas on the New York Mercantile Exchange dropped after traders failed to break above $3.65 per million British thermal units, and as weather reports showed mild weather.

    To view the whole Bloomberg report, click here.

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