Natural gas prices surged to a fresh seven-year high in the U.S. as the expiration of October options added momentum to a rally fueled by escalating concerns about tight winter supplies.
Gas for October delivery gained as much as 8% to $5.552 per million British thermal units, the highest since February 2014. Traders were closing out bearish positions ahead of the expiration of October options and futures this week. Shares of gas producers also rose amid broader energy-market gains, with EQT Corp. up as much as 9.4% and Southwestern Energy Co. climbing 11%.
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September 27, 2021 at 09:14PM
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Natural Gas Soars to Fresh 7-Year High on U.S. Scarcity Fears - Bloomberg
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