U.S. natural gas futures surged 72% just ahead of expiration of the February contract The huge spike in the February contract is a clear sign that bearish bets were being squeezed out of the market Cold weather in many parts of the United States have boosted demand for the energy commodity U.S. natural gas future prices skyrocketed 72% on Thursday on forecasts of colder weather. It was the sharpest one-day climb for the commodity since the contract launched in 1990, CME Group data confirmed. The 72% surge in prices came before the expiry of the February contract for nat gas as weather forecasts now look colder. The March contract’s price rise paled compared to the February contract rise. But the 10% rise for the March contract—on any other day—would have been more noticeable. Natural gas futures were trading below $4.50 per million British thermal units for most of the […]