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.
