Jan 28, 2022
U.S. Natural Gas Futures Surge 14% as Storm Threatens Northeast
Bloomberg News
,(Bloomberg) -- Natural gas futures jumped as much as 14% on Friday in New York as a winter storm bears down on the U.S. Northeast.
Gas for March delivery was up 12% to $4.787 per million British thermal units at 9:08 a.m. on the New York Mercantile Exchange.
The increase followed a historic advance of as much as 72% in the expiring February contract on Thursday amid an apparent short squeeze during the final hour of trading.
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