Nat Gas Spikes Higher on Cold Temps, Low Stocks, LNG Demand
- Date: 22-Feb-2022
- Source: Yahoo News
- Sector:Oil & Gas
- Country:Middle East
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.