U.S. AND CANADIAN NATURAL GAS PRICES SOAR IN ARCTIC BLAST

Natural gas prices across North America soared to their highest in years on Thursday as homes and businesses crank up their heaters to escape the arctic blast moving from Canada to the eastern half of the united States. “The weather pattern is beginning to sound like a broken record for many residents of the eastern half of the u.s. as snowy and cold weather shows no signs of letting up anytime soon,” meteorologists at Accuweather said. Next-day gas for Thursday rose to its highest since January 2018 at the Waha hub in the Permian basin in Texas. Spot prices in other regions, meanwhile, soared to their highest since March 2019, including the AECO hub in Alberta, dominion South in southwest Pennsylvania, Chicago and the u.s. Henry Hub benchmark in Louisiana.