US Natgas Volatility Jumps to a Record as Prices Soar Worldwide

US Natgas Volatility Jumps to a Record as Prices Soar Worldwide
Flames come out of a domestic gas ring of an oven in Durham, Britain, on Sept. 23, 2021. Lee Smith/Reuters
Reuters
Updated:

Volatility in U.S. natural gas futures jumped to a record on Tuesday on the back of an energy crunch in major world markets that has sent prices soaring globally.

Natural gas prices are at record levels in Europe and Asia, as major markets like China struggle to find enough fuel to meet demand that has bounced back from the coronavirus-induced downturn faster than anticipated.