US natural gas futures jumped more than 8% to a nearly 13-year high on Monday, as power plants and liquefied natural gas export plants used more fuel.
US contracts for gas for June delivery ended the trading session up 66.1 cents, or 8.2 percent, to settle at $8.744 per million British thermal units, the highest closing level since it recorded a 13-year peak of $8.783 on May 5.
With its daily gains, US gas futures are up about 135 percent since the beginning of the year, as global prices keep the highest demand for US liquefied gas exports strong since the Russian invasion of Ukraine on February 24.
Gas is traded around $27 per million thermal units in Europe and at $22 in Asia.
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