After physical delivery gas prices hit $600 per million British thermal units in Oklahoma this past weekend, the commodity is now trading at $500 per mmBtu at two Midcontinent hubs, Bloomberg reports, with prices at a third hub at $300 per mmBtu. Normally, gas trades at about $3 per mmBtu, but the wave of Arctic cold weather sweeping across the middle of the United States has boosted demand for energy massively and has already led to blackouts in some parts of the country, notably in Texas. This, in turn, has led to a spike in oil prices as blackouts…
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