Canadian Natural Gas Slips on Cooler-Than-Normal Weather Outlook
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Canadian natural gas fell on forecasts that the northern U.S. will have cooler-than-normal weather, cutting air-conditioner use in the biggest consuming region for the nation’s gas exports.
June gas in Alberta slid 6.6 percent. Cooling demand in the U.S. Midwest will trail normal by 28 percent through June 5, according to Belton, Missouri-based Weather Derivatives. Chicago may have a high May 31 of 61 degrees Fahrenheit (16 Celsius), 14 lower than normal, AccuWeather Inc. said.