Reported 3 days ago
US natural gas futures surged by 20% as forecasts indicated a colder January, increasing demand for heating and power generation. This sharp rise marks the highest value seen since the contract began trading in 2012, influenced by expectations of colder-than-normal weather across the East and Midwest. The shift in weather has triggered a buying frenzy, with algorithmic trading funds altering their risk positions to capitalize on the anticipated higher consumption.
Source: YAHOO