Canadian natural gas dropped, following the U.S. market lower on mild weather and after prices failed to break through a technical price level.
Natural gas futures rose, snapping a six-day losing streak, as forecasts showed hotter-than-normal weather in the U.S. South, boosting demand for the power-plant fuel for air conditioning.
Natural gas futures fell the most in 19 months, following declines in commodity markets, on a bigger- than-forecast U.S. inventories gain and concern that economic growth will ease.
Canadian natural gas fell for a second day after forecasters predicted heat in the Northeast will ease toward month’s end, which may signal less demand for the fuel.
Canadian natural gas declined on forecasts for normal U.S. East Coast weather next week that may curb demand for the power-plant fuel.
Natural gas futures rose in New York, buoyed by a report of rising industrial output in China and storms in the Atlantic.
Canadian natural gas rose as U.S. forecasters predicted hotter weather, signaling more demand for fuel to run air conditioners.
Canadian natural gas rose on forecasts for hotter weather in the U.S. that may boost demand for the fuel to power air conditioners.
Natural gas futures may advance as a stockpile deficit signals reduced supplies of the power-plant fuel, a Bloomberg News survey showed.
Canadian natural gas fell for a fifth day to the lowest price in six weeks as cooling demand in the U.S. dropped below normal.
"We've gone so far so quickly in the last few weeks."
- Peter Linder on Jul 25, 2012