US Natgas Prices Surge 17% on Arctic Blast
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US natural gas futures surged over 17% to $3.65/MMBtu, rebounding from a 13-week low of $3.10, due to an intensifying Arctic outbreak. The sudden shift from mild to severe cold has led traders to anticipate higher fuel consumption for heating. Forecasts predict frigid temperatures across the Midwest and East Coast, affecting over 200 million Americans. Wind chills in states like Minnesota could reach -30°F, driving up heating demand, while production remains high and LNG export flows are slightly lower.
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