U.S. Natural Gas Prices Jump 10% On Arctic Blast

The benchmark U.S. natural gas price surged by more than 10 percent early on Wednesday as frigid weather and below-freezing temperatures in many parts of the United States stoked demand for heating and electricity. As of 10:14 a.m. EST on Wednesday, the Henry Hub price was surging by 12.12% at $5.327 per million British thermal units (MMBtu). Natural gas prices are surging as demand is expected to be high and very high through the weekend due to a winter storm with below-freezing temperatures that is spreading out of the Midwest south to north…