Manufacturers’ group asks CFTC to probe Jan. 27 Henry Hub futures price spike

An industrial trade group has urged the US Commodity Futures Trading Commission to investigate the expiring natural gas futures contracts for Jan. 27, pointing to a 46% one-day price increase and warning of costs to consumers and manufacturers. At issue is the NYMEX Henry Hub prompt-month contract, which jumped $1.988, or 46%, to settle at $6.265/MMBtu on Jan. 27. Percentagewise,…