US Stockpiles and Warm Weather Cause Drop in Canadian Natural Gas Price

Bloomberg reported that Canadian natural gas prices dropped due to mild temperatures and abundant US supply.

As quoted in the market news:

Alberta gas for January delivery slipped 3.5 cents to C$2.78 a gigajoule ($2.57 per million British thermal units) as of 11:30 a.m. New York time, according to NGX, a Canadian Internet market.

Click here to read the full Bloomberg report.