Mild Weather Pushing Canadian Natural Gas Down

- October 23rd, 2012

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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