Natural Gas Futures Fly as Midwest Turns Cold, but Weather Models Toying With Traders
Natural gas futures exploded early Monday as weather models shifted colder with a double whammy of bitter wintry weather expected to sweep across the Lower 48 later this month. While subsequent model runs sapped quite a bit of momentum, the January Nymex gas futures contract still settled 34.2 cents higher at $6.587/MMBtu. February futures jumped 33.4 cents to $6.416.