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Natural gas prices, long depressed by industry oversupply, are on an upward tear as strong demand brought on by cold weather pushes storage levels to 10-year lows.
The market was especially volatile Wednesday, with some traders paying as much as $38 a gigajoule at the AECO storage hub, the benchmark for gas pricing in southeastern Alberta. Huge spikes such as this are short-lived, but demonstrate how rocky the market has become………………………………………..Full Article: Source
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Cold weather makes natural gas a hot commodity
| Posted on 06 February 2014 |
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