US February natural gas explodes 60% higher in squeeze into contract expiration

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US February natural gas explodes 60% higher in squeeze into contract expiration

The February Henry Hub natural gas contract has exploded in an Amaranth-style move to $7.25 from $4.20 earlier today, gapping more than 70% higher.
The contract settles in a few minutes and the volume is just 4829 contracts so far but it’s clear that someone has been caught out by deliver

Source:https://www.forexlive.com/news/us-february-natural-gas-explodes-60-higher-in-squeeze-into-contract-expiration-20220127/

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