Winter Storm Sends Natural Gas Futures Past $6 Benchmark
This weekend's snow and ice storm put power grids to the test. 12% of natural gas production was knocked off-line and futures for February rose above $6 per million British...
By Bloomberg Markets · Bloomberg Markets
This weekend's snow and ice storm put power grids to the test. 12% of natural gas production was knocked off-line and futures for February rose above $6 per million British thermal units for the first time since 2002. Stephen Schork of The Schork Report says markets were slow to react to the upcoming demand surge. (Source: Bloomberg)