Natural gas price ETF UNG rebounds premarket as colder forecasts lift futures — what to watch next
U.S. Natural Gas Fund (UNG) rose about 4% to $10.79 in premarket trading Monday after a 7.7% drop Friday, tracking gains in February Henry Hub futures, which climbed to $3.26/mmBtu. The rebound followed colder weather forecasts for late January. Friday’s UNG volume reached 41.1 million shares, well above its three-month average. Traders await Thursday’s EIA storage report for further direction.