Natural gas price jumps above $6 on Winter Storm Fern — what traders watch next
U.S. Henry Hub February natural gas futures soared 17.3% to $6.188/mmBtu early Monday, nearing a 52-week high as a deep freeze strained supply and spiked demand. PJM Interconnection reported 21 GW of generation offline and urged power cuts. U.S. gas output fell by over 11 bcfd in five days, while domestic demand is projected at 156 bcfd this week, well above January’s five-year average.