Natural Gas Market Updates

May 5, 2026 – Market Update

WTI went down $3.67 to $102.58 USD/bbl today as the US-Iran conflict continues. Meanwhile, the 12-month NYMEX strip decreased by $0.08 USD/MMBtu and the 12-month average for Dawn decreased by $0.12 CAD/GJ. There is a cold spike expected in Ontario over the next two weeks; however, res/comm demand has gone down. Net supply continues to increase as injections at Dawn continue to go up and net Ontario imports being well above average at 2,732 MMcf/d. (HX)

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