U.S. Natural Gas Prices Surge 45% in Two Days Due to Arctic Cold

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U.S. natural gas prices surged 45% in two days due to Arctic cold, with the benchmark price increasing to $3.40 per MMBtu from an unknown previous value, indicating a significant increase in demand for heating during the cold snap.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

U.S. natural gas futures jumped by more than 45% in just two days as Arctic cold is descending on the eastern United States with freezing temperatures and warnings of dangerous life-threatening wind chills. On Tuesday, the benchmark U.S. natural gas futures at Henry Hub soared by 23% amid the cold snap and short covering. Natural gas futures jumped by another 22% early on Wednesday, and were headed for their biggest weekly gain in 35 years. The benchmark gas prices surged from $3.40 per million British thermal units (MMBtu) on Monday…

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Original article published by OilPrice.com on January 21, 2026.
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