Natural gas price dives as warmer U.S. outlook bites; UNG ETF slides
NYMEX March Henry Hub natural gas futures dropped about 8% to $3.14 per mmBtu Monday. The United States Natural Gas Fund fell a similar amount, while EQT slipped less than 1%. Cheniere Energy and Kinder Morgan edged higher. The National Weather Service forecast above-normal U.S. temperatures for mid-February, pressuring prices.