U.S. Natural Gas Prices Jump On High Demand

U.S. natural gas prices surged by 6 percent early on Wednesday as frigid weather in many parts of the United States lifted demand, and commodity markets eyed the Russia-Ukraine crisis, fearing disruptions of natural gas flows to Europe in the event of a conflict. At 9:57 a.m. EST on Wednesday, the U.S. benchmark price, Henry Hub, was rising by 5.90% to $4.298 per million British thermal units (MMBtu). Natural gas prices reflected expected high to very high demand for space heating and electricity in the United States in the coming days. According…