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Rich Asplund

Nat-Gas Prices Spike to 3.25-Year High

United States Nymex Natural Gas Arctic BNEF EIA

February Nymex natural gas (NGG26) on Monday soared by +1.525 (+28.91%), bringing the rally since January 16 to a total of +119%.

Feb nat-gas prices on Monday spiked to a new 3.25-year nearest-futures high, driven by the massive storm that just crossed the US and the Arctic blast of cold weather. The cold weather caused major natural gas disruptions in Texas and elsewhere. The freeze reportedly caused the shutdown of about 12% of US natural gas production.

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