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Extreme cold across Alberta and much of Canada pushed AECO natural gas prices up 72 percent, from C$2.50 to C$4.30 per mcf, between Christmas and New Year. Freeze-offs shut some wells, limiting supply while demand surged.
Freeze-offs cut regional supply just as demand rose, lifting Canadian gas prices, though analysts expect the gain to be short-lived unless cold lasts for months.
financialpost.comGeoffrey MorganJan 2, 2018After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
