Wednesday, May 11, 2016

Natural Gas (UNG) Prices Latest Casualty From Fort McMurray

Canadian natural gas prices hit lowest level on record as Fort McMurray fires curtail demand

Canadian natural gas prices are the latest casualty of Fort McMurray wildfires, falling this week to their lowest level on record. Alberta's natural gas demand fell to its lowest level in a year, after oilsands facilities in Fort McMurray were shut down by a raging fire that forced the evacuation of the entire town. Oil producers…