Natural gas futures surged Monday, reaching a new 52-week high as colder-than-usual temperatures are forecasted for January in the eastern U.S. February futures jumped approximately 15% during the session, driven by updates from The Weather Co. and Atmospheric G2 predicting below-average temperatures from Florida to Maine and parts of the Great Lakes. AccuWeather meteorologists added that colder conditions could lead to snow and ice storms during January's first half, with natural gas freeze offs potentially disrupting production.
