U.S. Natural Gas Futures Surged 3 Cents to $2.639 Per mmBtu

May. 22, 2012 05:17PM PST

Reuters reported that U.S. natural gas futures surged 3 cents to $2.639 per mmBtu over warm weather forecasts.

As quoted in the market news:

At 9 a.m. EDT (1300 GMT), front-month gas futures on the New York Mercantile Exchange were up 3 cents at $2.639 per mmBtu after trading between $2.579 and $2.652. Futures have rallied nearly 40 percent since sliding to a 10-year low of $1.90 one month ago.

Click here to read the full Reuters report.