UK Natural Gas Leaps to 11-Month High on Frigid Weather

Bloomberg reported that UK natural gas futures shot up to an 11-month high as temperatures dropped sharply.

As quoted in the market report:

Same-day gas surged as much as 9.2 percent, the biggest jump since April 2, according to broker data compiled by Bloomberg. The low temperature in London was minus 6 degrees Celsius (21 Fahrenheit) today and will drop to minus 7 degrees Jan. 25, CustomWeather Inc. data on Bloomberg show.

To view the whole Bloomberg report, click here.