Economics
Canadian Natural Gas Unchanged as U.S. Inventories Near Record
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Canadian natural gas for December was unchanged amid speculation that stores of the fuel in the U.S. will top last year’s record before the winter heating season begins, curbing demand for Canada’s exports.
U.S. inventories rose to 3.72 trillion cubic feet in the week ended Oct. 21, the Energy Department reported, closing on last year’s record 3.84 trillion the week ended Nov. 4. The number of rigs drilling for gas in the U.S. rose by seven to 934 last week, according to data published by Baker Hughes Inc.