Winter Rally Pushes Prices Past $4 With Arctic Cold Gripping US

摘要

The multi-week rally in natural gas, which lifted the front-month contract 80 from trough to peak since Nov. 4 wasn't unwarranted, especially in how it gained strength as November culminated in the coldest Thanksgiving seen in the eastern US since 1955, including a rare November freeze extending deep into Texas. So despite schools and businesses shutting down for the long holiday, demand soared, producing a record 162 billion cubic foot draw for the week.