Cold weather forecasts for January spark a 24% surge in natural gas futures

By Yahoo! Finance   |   1 year ago
Cold weather forecasts for January spark a 24% surge in natural gas futures

Rising gas prices are driven by fears of cold weather in Europe, US, and continued sanctions against Russia. Natural gas futures surged due to anticipated cold weather, with prices reaching a high of $4.20 per million British thermal units. Investors expect increased demand for heating commodities, impacting prices.

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