British Columbia Weekly Market Update

British Columbia Weekly Market Update

Week ending Friday, June 11, 2010

For the week ended June 11, NYMEX prompt month contracts decreased 4.3 cents to settle at $4.65/MMBtu. The balance of Cal 2010 and Calendar 2011 decreased 1.2 and 4.5 cents to settle around $4.92/MMBtu and $5.49/MMBtu respectively. The storage report for Thursday, June 10 showed an injection of 99 bcf, compared to analyst expectations of 93 bcf. .

The Canadian dollar, which has been following the price of oil, strengthened 1.1 cents to settle at 0.969 USD/CAD.

 

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