Natural gas pops above $5 again as winter storm risk puts U.S. supply in play
February Henry Hub natural gas futures rose 22.7 cents to $5.272/mmBtu in early afternoon trading Friday. The EIA reported a 120 Bcf storage draw last week, but inventories remain 6% above the five-year average. Gas-linked ETF UNG jumped over 4% amid freeze-off concerns and rising power demand. Texas declared a disaster in 134 counties as a winter storm threatened supply.