Natural gas futures soared Wednesday as energy markets brace for a powerful winter storm that threatens to derail production just as demand rises.
The latest spike will keep home heating costs for millions of Americans elevated, adding to a long list of inflationary headaches.
Natural gas futures surged 16% Wednesday to close at $5.50 per million British thermal unit (BTU). That’s near the highest level since last November. Natural gas futures have spiked 55% since sinking to $3.56 on December 30.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.