Natural gas prices get crushed and UNG plunges as warm forecasts flip the trade

Shares of the United States Natural Gas Fund dropped roughly 26% to $12.51 on Monday, mirroring a sharp plunge in natural gas futures. EQT slid about 5%, with Cheniere Energy and pipeline giants Kinder Morgan and Williams also seeing losses.

Natural gas price spikes again: Henry Hub ends week at $4.35 as cold lingers, LNG demand firms

Natural gas price spikes again: Henry Hub ends week at $4.35 as cold lingers, LNG demand firms

U.S. natural gas prices closed out the week with a strong surge. The March Henry Hub contract jumped 11.1% on Friday, finishing at $4.354 per million British thermal units. Commodity Weather Group pointed to below-normal temperatures forecasted from Feb. 4-8 across parts of the Upper Midwest, Mid-Atlantic, and Northeast. This cold snap helped push natural gas-linked ETFs like UNG and BOIL sharply higher alongside the futures climb.