Natural Gas Eyes $8 as Prices Surge to Highest Levels Since 2008

Natural Gas Eyes $8 as Prices Surge to Highest Levels Since 2008
Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin in Garden City, Texas, on Feb. 5, 2015. Spencer Platt/Getty Images
Andrew Moran
Updated:

Natural gas futures are trading at their highest levels in more than 13 years, with the May contract flirting with $8 per million British thermal units (Btu).

The energy commodity has been rallying on market tightness, driven by colder-than-normal weather in the United States and Europe and strong export demand amid Russia’s invasion of Ukraine.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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