Canada Natural Gas Falls on Outlook for Milder Late-July Weather
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Canadian natural gas dropped for the first time in three days on concern that moderate weather predicted for the end of July will limit demand for the fuel to run air conditioners.
August gas in Alberta fell 0.3 percent as MDA EarthSat Weather in Gaithersburg, Maryland, said above-normal temperatures expected next week in the Midwest and mid-Atlantic states will drop at the end of July. The U.S. Energy Department reported today that stockpiles rose 28 billion cubic feet to 3.163 trillion last week, 18 percent above the five-year average for the period.