# Arctic Blast Grips U.S., Upending Markets, Setting Records - Bloomberg

> An Arctic blast across the US disrupted markets and set records, with natural gas prices in Oklahoma surging more than 4,000% in two days. Gas processing plants in Texas shut as liquids froze in pipes, and some Texas electricity prices topped $5,000 per megawatt-hour.

- Date: 2021-02-12 · published 2021-02-12T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/5583-arctic-blast-grips-u-s-upending-markets-setting-records-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Extreme cold disrupting gas processing and oil output tightens energy supply just as heating demand peaks, supporting natural gas and crude prices and raising energy costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-01-02 | [Record-Setting Cold Shakes Up America’s Commodities Markets - Bloomberg](https://feedsoft.ai/events/4672-record-setting-cold-shakes-up-america-s-commodities-markets-bloomberg.md) | -13.3% | +2.7% |
| NATGAS | 2019-03-02 | [Record-Breaking Cold Blast in U.S. Will Roil Markets Next Week - Bloomberg](https://feedsoft.ai/events/7995-record-breaking-cold-blast-in-u-s-will-roil-markets-next-week-bloomberg.md) | -4.6% | -10.7% |
| NATGAS | 2018-01-09 | [Arctic blast sends natural gas prices to new record in North Carolina](https://feedsoft.ai/events/5984-arctic-blast-sends-natural-gas-prices-to-new-record-in-north-carolina.md) | +44.4% | -3.8% |
| NATGAS | 2022-01-12 | [U.S. Natural Gas Extends Historic Rally as Cold Hits East Coast - Bloomberg](https://feedsoft.ai/events/43319-u-s-natural-gas-extends-historic-rally-as-cold-hits-east-coast-bloomberg.md) | +5.6% | -3.2% |
| NATGAS | 2021-02-11 | [Arctic Blast Sends US Gas Prices Soaring \| Energy Intelligence](https://feedsoft.ai/events/5577-arctic-blast-sends-us-gas-prices-soaring-energy-intelligence.md) | +55.3% | -18.9% |
| WTI | 2025-02-19 | [Arctic blast sends natural gas to highest since 2022, and oil ticks up on supply worries - MarketWatch](https://feedsoft.ai/events/8691-arctic-blast-sends-natural-gas-to-highest-since-2022-and-oil-ticks-up-on-supply.md) | -4.2% | -6.7% |
| WTI | 2024-04-22 | [Malaysian palm oil up - Markets - Business Recorder](https://feedsoft.ai/events/15656-malaysian-palm-oil-up-markets-business-recorder.md) | +1.5% | -2.9% |
| WTI | 2026-04-22 | [Chicago soy rises as oil prices climb, rain forecast threatens Midwest planting - Markets - Business Recorder](https://feedsoft.ai/events/19752-chicago-soy-rises-as-oil-prices-climb-rain-forecast-threatens-midwest-planting.md) | +9.8% | +18.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-02-12/weekend-freeze-to-set-records-in-u-s-as-energy-prices-spike

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.