Natural gas price today: U.S. futures sink on light storage draw, dragging UNG and EQT after hours
U.S. natural gas futures fell 7.2% to $3.686 per mmBtu after the EIA reported a 38 bcf storage withdrawal, well below forecasts and the five-year average. The United States Natural Gas Fund dropped 6.7% in after-hours trading. Warmer weather forecasts and record production pressured prices. Heating demand indicators and gas-linked stocks also declined.