Natural gas prices shot higher on Wednesday as forecasts for colder weather across the US are expected to increase demand. Henry Hub futures traded higher by more than 15% before backing off slightly. Futures contracts in New York settled at $4.857 per million British thermal units (MMBtu). The drastic move higher was fueled by revised weather forecasts which show colder temperatures sweeping across the East Coast over the next couple of weeks. Wednesday’s explosive move higher saw U.S. natural gas futures trade at their highest price since November. {charts} After rising sharply throughout 2021, natural gas prices ... (full story)