U.S. natural gas futures surged above $6 per MMBtu on Monday for the first time since 2022, extending a sharp rally driven by an Arctic cold snap that is straining heating and power systems. The front-month benchmark for U.S. Natural Gas was up about 14% intraday, building on a roughly 70% advance from the prior week as residential, commercial, and power-sector demand climbed to near-record winter levels. The extreme weather has also caused production shut-ins and infrastructure disruptions, amplifying price volatility and tightening near-term supply expectations.
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Over the past month, prices for U.S. Natural Gas have risen approximately 27.4%, reflecting the abrupt shift from previously ample inventories and mild-weather pricing to a weather-driven risk premium. From a technical perspective, the contract currently carries a 1-day Buy signal, underscoring the short-term bullish momentum, though the speed of the move heightens the risk of sharp reversals if temperatures normalize or supply constraints ease. Investors can explore more updates, prices, and analysis across global markets at Commodities.