BUZZ-US natgas stocks fall on warmer weather forecasts, lower demand
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Shares of U.S. natural gas companies fell as natgas futures dropped 3.3% to $3.49 per million British thermal units, marking a fourth consecutive session of losses. This decline is attributed to forecasts of warmer weather and lower demand projections. Notable declines include CNX Resources down 5%, EQT Corp down 1.4%, and Energy Transfer down 1%. Additionally, ETFs like the United States Natural Gas Fund fell 3.7%, while ProShares Ultra Bloomberg Natural Gas dropped 11%.
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