Gas futures up 75% due to storm
Natural gas short-term futures prices in the US surged 75% in just three days, Bloomberg reports. This is the largest increase since 2022. It was triggered by forecasts of a powerful snowstorm threatening dozens of states and 175 million people this weekend. Many regions are expecting record-low temperatures, snow, and ice.
Context
In 2022, futures also reached record levels due to similar concerns about gas production.
Summary:
Natural gas futures prices in the U.S. rose 75% due to an expected snowstorm threatening 175 million people, Bloomberg reports.
- Category: Economy
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- Source: https://t.me/newsby_btrc/185979
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