Natural Gas Market Updates

May 7, 2026 – Market Update

A mix of cloud and sunshine in Toronto as markets continue to soften. WTI moved lower to $93 USD/bbl today as talks progress between US and Iran to potentially reopen the Strait. For natural gas, the 12-month strips for NYMEX and Dawn both decreased, with NYMEX down $0.07 USD/MMBtu and Dawn is also down $0.07 CAD/GJ. The broader supply picture in Ontario remains very strong with not a lot of movement. (HX)

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