June Nymex natural gas (NGM23) on Tuesday closed up +0.029 (+1.30%).
Jun nat-gas prices moved higher for a second day on reduced nat-gas production in Canada. A total of 94 wildfires were burning in Alberta on Tuesday, with 26 classified as out of control. That has led to the shutdown of many oil and natural gas wells and pipeline systems in western Canada. About 2.5 bcf/day of nat-gas production, about 15% of Canada's production, has been shut down by the fires.
