Natural-Gas Futures Spike in Latest Market Turmoil

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A record spike in expiring natural-gas futures contracts was the latest bout of extraordinary volatility that has whipsawed financial markets recently WSJWhatsNow

Expiring futures contracts shot up a record 46% as traders settled bets on the direction of fuel prices.

In 2012, the Netherlands experienced a 3.6 magnitude earthquake. It was caused by one of the world’s largest gas fields, known as Groningen, and it set off a chain of events that’s contributing to today’s sky-high energy prices. WSJ’s Shelby Holliday explains. Illustration: Sebastian Vega

 

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