Canadian Natural Gas Falls on Mild Weather, Inventory Outlook
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Canadian natural gas for April delivery fell on forecasts of mild weather in the eastern U.S. and speculation that a U.S. government report will show a below-normal withdrawal from inventories of the heating fuel.
Temperatures may be mostly normal in the eastern U.S. from March 7 through March 11, according to Commodity Weather Group in Bethesda, Maryland. Heating demand in the Northeast may be 1 percent below normal from March 8 through March 12, according to Weather Derivatives in Belton, Missouri.