Natural Gas Futures Surge on Cold Weather Forecasts

January natural gas futures soared eleven percent on Tuesday, fueled by forecasts of colder weather and increased heating demand. Despite US production remaining near record levels and active gas rigs reaching a two-year high, demand took a hit, and LNG exports rose. Inventories drew down, but not as much as expected, setting the stage for a volatile winter season.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.