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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Jump as Canadian Wildfires Curb Gas Output

United States Nymex Canada Natural Gas Alberta BNEF

June Nymex natural gas (NGM23) on Monday closed up +0.101 (+4.73%).

Jun nat-gas Monday closed sharply higher.  Reduced nat-gas output in Canada sparked short-covering in nat-gas futures Monday.  A total of 102 wildfires were burning in Alberta on Monday, with 27 classified as out of control.  That has led to the shutdown of many oil and natural gas wells and pipeline systems in western Canada.

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