U.S. Natural Gas Jumps To $10 For The First Time Since 2008
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U.S. natural gas futures hit $10 per million British thermal units (MMBtu) early on Tuesday, jumping briefly above that threshold for the first time since 2008 as the energy crisis in Europe is worsening, and EU gas prices surged to another record today. As of 8:43 a.m. ET, the front-month U.S. benchmark natural gas price at Henry Hub was up by 0.60% at $9.737/MMBtu, having hit $10/MMBtu earlier in the day. U.S. natural gas prices have soared in recent weeks as Europe scours the world for non-Russian gas supply—mostly U.S. LNG—to…
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