Natural Gas Futures Register Large Gains as Demand for Energy Surges

Natural gas futures rose on Tuesday to mark their highest closing level in about four months, amid increased demand for energy and heat sources as a strong winter storm led to extreme cold weather in southern parts of the United States and some northern parts of Mexico.

Natural gas futures for March delivery went up by 22 cents, or 7.5%, to close at the level of $3.129 per million British thermal units (BTU).

This is the highest closing level for natural gas futures since November 2020.