US natural gas futures soar in price

Natural gas prices spike during the US session on January 5, Report states, citing Investing.com.

On the New York Mercantile Exchange (NYMEX), natural gas futures for February delivery were trading at $ 2.70 per million British thermal units (MMBtu), up 4.61%.

The maximum of the session was the mark of $ per million BTU. Last night, natural gas found support at $ 2.282 / MMBtu and resistance at $ 2.732 / MMBtu.

A decline helped increase natural gas prices in the USD index, which shows the ratio of the US dollar to a basket of six major currencies, by 0.45% to 89.442 US dollars.

Regarding other commodities traded on the NYMEX, fuel oil futures for February delivery rose by 3.56% to reach $ 1.5141 per gallon.

As previously reported, the spot price of gas in Europe on the first day of trading in the new year stormed the mark of 250 US dollars per thousand cubic meters against the background of lower temperatures and reduced gas supplies from Russia.