Heating demand in the U.S. Midwest will return to normal Dec. 6 after peaking at 25 percent above normal Dec. 4, Belton, Missouri-based Weather Derivatives said. Temperatures in the region will be as much as 8 degrees Fahrenheit above normal Dec. 10 to Dec. 14, MDA Federal's EarthSat Energy said.
Spot gas at EnCana Corp.'s AECO C hub in Alberta, the nation's largest trading point, gained 27 cents to C$8.22 per gigajoule ($7.60 per million British thermal units) yesterday, according to data compiled by Bloomberg. It was the first time gas at Canada's benchmark hub closed above $8 per gigajoule since Feb. 1.
On Calgary-based Natural Gas Exchange Inc.'s NGX electronic energy market, spot gas at AECO gained 7 cents to C$8.22 per gigajoule.
