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Natural gas futures jump as cold weather rolls in

December 9, 2013

Natural gas futures rose sharply as investors anticipated that homeowners would turn up the heat as wintry weather plows across the country.

The price of natural gas rose above $4.20 for the first time since May 28.

Natural gas for January delivery rose 12 cents, or 2.9 percent, to $4.23 per $1,000 cubic feet.

Crude for January delivery slipped 31 cents to $97.34 a barrel in New York, the first decline after six straight gains.

February gold edged up $5.20, or 0.4 percent, to $1,234.20 an ounce. Silver for March delivery rose 17.8 cents, or 0.9 percent, to $19.701 an ounce.

Soybean and corn futures rose. Wheat futures edged lower.

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