Natural gas futures jump as cold weather rolls in
(AP) - Natural gas futures rose sharply Monday 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.
In other energy trading, wholesale gasoline lost 5 cents to $2.67 a gallon and heating oil lost 4 cents to $3.01 a gallon.
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.
High-grade copper for March delivery rose a penny, or 0.3 percent, to $3.258 a pound. January platinum rose $12.20, or 0.9 percent, to $1,368.50 an ounce and palladium for March delivery fell $1.15, or 0.2 percent, to $735 an ounce.
In agricultural commodities, wheat for March delivery fell half a cent to $6.505 a bushel, January soybeans rose 18.25 cents to $13.4375 a bushel and March corn rose 3.75 cents to $4.38 a bushel.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)