Natural gas ETFs get hit as warm-weather outlook drags futures; UNG, BOIL, KOLD in focus
New York, January 6, 2026, 06:38 EST — Premarket Natural gas-linked exchange-traded funds fell sharply in the last session as a warmer forecast knocked benchmark U.S. natural gas futures lower, and futures were down another 2.7% early Tuesday at about $3.43 per million British thermal units, or mmBtu. The move matters now because early January weather often drives winter heating demand, storage withdrawals and short-term price direction for Henry Hub gas — the U.S. benchmark. Retail investors use these ETFs to trade that swing without opening a futures account. Natural gas can turn on a forecast update. When models strip