U.S. Natural Gas Prices Get Caught Up In Perfect Storm ...Middle East

U.S. natural gas prices have gone from cheap and range-bound to the highest in more than a decade in a matter of weeks. And they may still have higher to go as extra strong local demand combines with soaring exports to Europe. Natural gas ended last week at over $8 per million British thermal units. It had started the year at below $4 per mmBtu, and analysts expected it to remain range-bound. But then the war in Ukraine threw all these expectations out of the window. The United States has been exporting as much natural gas as is physically possible,…

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