Natural gas price stock UNG slides as mild-weather outlook hits U.S. gas futures
U.S. Natural Gas Fund (UNG) dropped 4% to $11.17 as front-month gas futures hit multi-month lows, with NYMEX February gas down 14 cents at $3.38/mmBtu. Traders cited weak heating demand and falling Henry Hub spot prices, which slipped to $2.86/mmBtu after averaging $4.13 in December. Focus shifts to Thursday’s U.S. storage report for further direction. EQT, Antero, and CNX shares also declined.