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US Natural Gas Hits $6 for First Time Since 2022 on Arctic Blast

Bloomberg · last updated

US natural gas soared above $6 for the first time since 2022 as freezing weather swept across much of the country, boosting heating demand and disrupting supplies.

Futures for February delivery surged as much as 19% in early Asian trading on Monday to $6.288 per million British thermal units. That followed a 70% rally last week, the biggest weekly advance in records going back to 1990.

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