Natural Gas Prices Spike Nearly 20% As Arctic Cold Slams US
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U.S. natural gas prices surged nearly 20% due to forecasts of a colder-than-normal late January, raising heating demand concerns. Futures linked to Henry Hub rose to around $3.70 per MMBtu, marking the largest one-day gain since October 2024. An Arctic outbreak is expected to bring frigid temperatures and significant snowfall across the Midwest and Southeast, prompting freeze warnings. Over 200 million people are forecasted to experience below-freezing temperatures, which will likely increase heating demand and electricity generation needs. Natural gas-linked stocks may react when markets reopen after the holiday.
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