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Natural-gas futures jump by more than 46%; oil settles lower

Natural-gas futures jump by more than 46%; oil settles lower

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Natural-gas prices rallied Thursday, with traders shocked by a more than 46% jump in prices at the settlement, as the front-month February futures contract expired at the end of the trading session. Natural gas for February delivery NGG22, +37.95% settled at $6.265 per million British thermal units, up $1.99, or 46.5% on the New York Mercantile Exchange, according to Dow Jones Market Data – the largest one-day percentage move on record and highest finish since October.

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