Natural gas futures jump as cold weather rolls in

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Associated Press

Posted on December 9, 2013 at 6:01 PM

Updated Monday, Dec 9 at 6:01 PM

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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