BUZZ-US natgas companies drop on milder weather forecast
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Shares of U.S. natural gas companies fell as natgas futures dropped 5.7% to $4.987 per million BTU. The decline is attributed to forecasts of milder weather, near-record output, ample storage, and lower global prices. Cheniere Energy, Expand Energy, and Williams Companies saw share decreases, while ETFs like United States Natural Gas Fund and ProShares Ultra Bloomberg Natural Gas also fell significantly.
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