US blizzard to test gas and fuel market

Fuel oil is set to lead the energy market higher as a current supply shortage coincides with the big freeze hitting the U.S. east coast. 

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the wholesale price for natural gas in the Boston area on Wednesday jumped more than 80 percent from Tuesday's close.

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apparently, the price of WTI oil will not be affected as it makes and takes delivery in Oklahoma, away from the effects of the weather.

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5 minutes ago, Stephen said:

Fuel oil is set to lead the energy market higher as a current supply shortage coincides with the big freeze hitting the U.S. east coast. 

this is going to be a massive test for US energy industry and its infrastructure as the weather is threatening refineries shutdowns, power outages and spikes in heating prices

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