The rapid surge has rattled investors and traders, as the market goes into the winter heating season with less supplies in storage than any other year since 2005. Natural-gas prices have climbed more than 50% this year– with most of that happening since last month– while crude oil has fallen more than 20% from its October peak. “The market has given us a glimpse of just how volatile it will be,” said James Stewart, vice president at Beeson & Associates, which specializes in commodity risk management. Traders largely expected record-high levels of natural-gas production would replenish stores for winter. However, demand has climbed outside of weather-related catalysts, going toward rising exports and as a substitute for other energy sources like coal. “There’s a more structural base to the demand equation than others think,” said Kyle Cooper, a consultant at ION Energy Group in Houston. Bills, Bills, Bills Heating costs […]