US Natural Gas and Heating Oil Prices Jump on Cold Snap Forecast

Natural gas and heating oil prices in the United States started the year with a spike as temperatures dropped amid a polar vortex that, according to forecasts, could bring the coldest weather in a decade to northern states. Natural gas prices have gone up by 4% since the start of the week, the Financial Times reported today, adding that heating oil prices have added 5%. At the start of the week, natural gas futures briefly topped $4 per million British thermal units. “The market has been rather complacent as US production was surging and…