Historic U.S. Gas Rally Sours in Single Day as Volatility Soars

  • Volatility at highest since polar vortex of February 2019
  • Futures plunged 12.1% Thursday after 14% gain Wednesday
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U.S. natural gas markets haven’t been this volatile since the polar vortex of February 2019.

After gaining 14% in New York Wednesday and extending an historic start to the year, futures for February delivery plunged 12.1% Thursday for the biggest drop in nearly three years.