Natural gas price stock UNG drops again in premarket as warm-weather forecast weighs on futures
United States Natural Gas Fund dropped 2.2% to $11.37 in premarket trading Tuesday as U.S. natural gas futures fell 2.7% to $3.427 per mmBtu. The decline follows warmer-than-normal weather forecasts and a 3.6% loss for UNG on Monday. Traders await the U.S. storage report due Jan. 8. Supply remains high, with output averaging 109.2 bcfd so far in January.