Natural gas slips under $3 to a four-month low as forecasts warm — what it means for UNG
NYMEX March natural gas fell 0.9% to $2.958/mmBtu Tuesday, set for its lowest close since October 16. Milder weather forecasts and steady U.S. output weighed on prices, even as LNG feedgas flows held near record highs. Traders now await Thursday’s U.S. storage report. The United States Natural Gas Fund ETF dropped 1.7% to $11.55 in early trading.