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Natural Gas Snapshot: Whats Going On?

The big question is will shale producers continue to hold the reins on capital spending despite the recent dramatic move in natural gas prices?

Front-month natural gas futures rose 29.3 cents, or 5.9%, to settle at $5.231 per MMBtu, their highest close since February 2014.

The order allows six natural gas-fired power plants throughout California to run at maximum output for 60 days, until Nov. 9.

The move is the latest example of California's struggle to move away from fossil fuels like natural gas that contribute to climate change.

Here is a deeper look at why natural gasafter years of relatively low pricesis suddenly pricing at a premium to oil.

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