US Natural Gas Futures Leap as Cold Weather Looms

Amid forecasts of severe winter weather across North America and Europe, US natural gas futures experienced a significant jump, surging 8% to $3.60 per MMBtu on Monday. This spike is attributed to the anticipated increase in heating demand and potential energy shortages.

Supply Uncertainties Add to Market Volatility

Adding to the market's volatility are concerns over Russian gas supplies to Europe, which remain uncertain. These factors combined have led to a notable increase in natural gas futures prices, with December contracts soaring 7.27% to $3.6120 per million British thermal units as of 3:06 am ET.