Natural gas price slides toward $3 as warm-weather bets bite; UNG ETF back in focus
U.S. natural gas futures fell over 6% Monday, with March NYMEX Henry Hub contracts near $3.04 per MMBtu. The United States Natural Gas Fund closed at $12.44 Friday. The latest EIA data showed storage at 2,214 Bcf after a smaller-than-expected weekly withdrawal. The next U.S. gas storage report is due Feb. 19.