Nat Gas Spikes Higher on Cold Temps, Low Stocks, LNG Demand

Nat Gas Spikes Higher on Cold Temps, Low Stocks, LNG Demand

Natural gas futures are trading sharply highly in a thinly traded U.S. holiday market amid the onset of extremely cold temperatures in key demand areas in the U.S., worries about tight U.S. supplies and a bullish outlook for global liquefied natural gas (LNG).

At 13:56 GMT, April natural gas futures are trading $4.705, up $0.328 or +7.49%.

After a mild end to the weekend for many states, Old Man Winter will make a comeback as we start off the new workweek, CNN reported.