U.S. natural gas futures soared to a seven-year high amid escalating concerns about tight supplies heading into the winter-heating season. Gas prices are soaring across the northern hemisphere as anxiety mounts about the prospects of a supply crunch in coming weeks when cold weather begins to descend and homeowners switch on furnaces. A confluence of production and processing disruptions are running headlong into robust demand for the fuel in some of the world’s biggest economies. The rally in North America and Europe is heightening inflation concerns and worries about ripple effects that could roil gas-intensive industries from fertilizers to steel and food producers. Gas for October delivery settled up 7.6% at $4.914 per million British thermal units in New York on Wednesday, a level not seen since unprecedented cold gripped the U.S. and Canada during the Polar Vortex of early 2014. U.S. futures have advanced 94% this year, on […]