Canada Natural Gas Falls on Outlook for Milder Weather
This article is for subscribers only.
Canadian natural gas fell amid forecasts of milder-than-normal U.S. weather that may pare demand for power-generating fuels.
July gas in Alberta fell 2.9 percent. Cooling demand in the U.S. Midwest, the largest consumer of Canada’s gas exports, will trail normal by 59 percent tomorrow, according Belton, Missouri-based Weather Derivatives. Chicago’s high will be 72 degrees Fahrenheit (22 Celsius), 5 lower than normal, AccuWeather Inc. predicted.