Polar Vortex cold snap haunts Presidents Day trading holiday

WASHINGTON – In honor of the Presidents Day trading holiday (still officially the Washington’s Birthday holiday, BTW), US stock and bond markets are closed Monday. However, futures trading opened Monday morning with limited hours, which turned out to be a good thing for commodities and futures traders. Due to a record Polar Vortex cold snap engulfing much of the Deep South, West Texas Intermediate crude (WTI) topped $60.12 per barrel Monday morning. That’s by far its top price in recent memory. And natural gas prices continued to soar, topping $3.00 per million BTUs on today’s frigid President…

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HEDGE accordingly