U.S. natural gas futures soared almost 12% to a near three-week high on Monday on expectations liquefied natural gas (LNG) exports will rise and forecasts calling for cooler weather and higher heating demand over the next two weeks than previously expected. “Today’s upward move is likely the beginning of tremendous volatility into November final settlement on Wednesday,” said Eli Rubin, senior energy analyst at EBW Analytics Group, noting the combination of the colder forecasts and rising LNG exports triggered “short-covering that amplified the move higher.” This month has already seen record volatility with futures soaring to their highest close since 2008 on Oct. 6 before collapsing 25% by the middle of last week. read more But no matter how high U.S. futures have climbed, global gas was still trading about six times over U.S. prices, keeping demand for U.S. LNG exports strong as utilities around […]