Natural gas price jumps after EIA storage draw; UNG and BOIL climb in late stock trading
Front-month NYMEX natural gas futures rose 2.2% to $4.46 per mmBtu Monday after the EIA reported a 166 Bcf storage withdrawal, leaving U.S. inventories at 3,413 Bcf. UNG and BOIL gained in after-hours trading, while KOLD fell. Colder forecasts and record LNG feedgas flows supported prices.