The benchmark U.S. natural gas price soared by more than 7% early on Monday to hit the highest level since the second half of 2008, as Europe races to buy non-Russian gas after Putin’s invasion of Ukraine. At 10:18 a.m. ET, the front-month futures price at the Henry Hub had jumped by 6.37% at $7.755 per million British thermal units (MMBtu). That’s more than double the price of the U.S. benchmark compared to the start of this year. In the week to April 12, speculators increased their bullish bets for a second week, with buying…
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