Canada Natural Gas Gains as Cooler Weather in U.S. Boosts Demand
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Canadian natural gas prices rose amid speculation that cooler-than-normal weather in the northern U.S. will boost furnace use.
Demand for heat in the Midwest will exceed normal by 25 percent for the next week, according to Belton, Missouri-based Weather Derivatives. Temperatures in Chicago will dip as low as 28 degrees Fahrenheit (minus 2 Celsius) April 16, about 12 degrees below normal, said AccuWeather Inc., a State College, Pennsylvania-based forecaster.