Natural gas price jumps to $4.42 as Henry Hub rally hits UNG, BOIL
U.S. natural gas futures jumped nearly 13% Friday, closing near $4.42/mmBtu after volatile trading. Output fell by 12 bcfd, or about 10%, as freeze-offs hit the Permian and Haynesville. The EIA reported a 242 Bcf storage drop, with inventories at 2,823 Bcf. Pipeline deliveries to Freeport LNG rose after a brief outage, while gas-related stocks moved higher.
