Natural gas prices swing again after Winter Storm Fern — Henry Hub traders eye Thursday storage data

U.S. natural gas futures slipped Tuesday following a recent surge to multi-year peaks fueled by storm concerns. The February Henry Hub contract dropped 18.4 cents, or 2.7%, to $6.62 per million British thermal units in afternoon trading. With the contract set to expire Wednesday, even small changes in forecasts sparked sharp price moves.

UNG sinks as U.S. natural gas hits fresh low; what to watch before Monday

UNG sinks as U.S. natural gas hits fresh low; what to watch before Monday

The United States Natural Gas Fund slid 7.7% on Friday, closing at $10.40, mirroring a steep decline in front-month NYMEX natural gas prices, which dipped to about $3.141 per million British thermal units, reaching a low of $3.131 during the session. Leveraged ProShares ETFs showed bigger moves: BOIL dropped 13.6%, while its inverse counterpart KOLD jumped 13.9%. Gas producers EQT and Coterra both slipped roughly 2%.