BUZZ-US natgas companies gain on cold weather outlook and higher demand
U.S. natural gas companies' shares rise as natgas futures increase by 3.7% to $4.73 per million BTU. The price surge is driven by colder weather forecasts and higher demand, supported by larger-than-expected storage withdrawal data. CNX Resources, Cheniere Energy, Williams Companies, and Energy Transfer see gains, along with ETFs like United States Natural Gas Fund and ProShares Ultra Bloomberg Natural Gas.
Shares of U.S. natural gas companies gain, tracking rise in natgas futures (NGA)
U.S. natgas futures (NGc1) up 3.7% at $4.73 per million British thermal unit Natgas prices rise driven by forecasts for colder weather and higher demand, while a bigger-than-expected storage withdrawal data this week provided support
Shares of natgas companies: CNX Resources up 2.3% (CNX.N) and Cheniere Energy (LNG.N) gain ~2%, Williams Companies (WMB.N) and Energy Transfer (ET.N) both rise 1.3%
ETFs rise: United States Natural Gas Fund (UNG.P) up 3% and ProShares Ultra Bloomberg Natural Gas (BOIL.P) gains 6.2%
