Natural gas price stock UNG drops again in premarket as warm-weather forecast weighs on futures

6 January 2026

New York, Jan 6, 2026, 06:31 EST — Premarket

United States Natural Gas Fund (UNG) was down about 2.2% in premarket trade after falling 3.6% on Monday. StockAnalysis
U.S. natural gas futures were down 2.7% early Tuesday, extending a weather-led pullback. Investing
Traders are looking to the U.S. storage report due Jan. 8 for the next demand signal. U.S. Energy Information Administration

The United States Natural Gas Fund slipped again in premarket trading on Tuesday as U.S. natural gas futures fell amid forecasts for warmer-than-normal weather. UNG was down 2.2% at $11.37 before the open. StockAnalysis

U.S. natural gas futures were down 2.7% at $3.427 per million British thermal units (mmBtu), a common benchmark unit for gas pricing. The pullback keeps pressure on natural-gas-linked funds that trade like stocks. Investing

The move matters now because winter weather is the main swing factor for U.S. heating demand, and traders have been repricing the balance as temperature models change. UNG is designed to track daily percentage moves tied to Henry Hub natural gas via near-term futures. Hellenicshippingnews

On Monday, front-month natural gas futures for February delivery on the New York Mercantile Exchange (NYMEX) fell 5.7% to $3.41 per mmBtu, marking a fourth straight session of losses, as of mid-morning. Hellenicshippingnews

Meteorologists are calling for warmer-than-average temperatures across the nation through Jan. 20, Reuters reported. Heating Degree Days (HDDs) — a gauge of how much energy is needed to heat buildings — were projected well below the 30-year normal. Hellenicshippingnews

Supply is still running high. LSEG forecast average gas demand, including exports, in the Lower 48 states at 133.0 billion cubic feet per day (bcfd) this week, rising to 134.2 bcfd next week; output averaged 109.2 bcfd so far in January, still below December’s record, it said. Hellenicshippingnews

LNG, or liquefied natural gas, remains the key offset for bulls. Gas flows to the eight large U.S. LNG export plants averaged 18.8 bcfd so far in January, above December’s record of 18.4 bcfd, LSEG said. Hellenicshippingnews

“This market is dropping into fresh new low territory this morning,” consultancy Ritterbusch & Associates said in a note, adding that downside risk in nearby futures extends to the $3.00 area without weather support. Hellenicshippingnews

For investors looking for alternatives, UNG’s sister fund, the United States 12 Month Natural Gas Fund (UNL), spreads exposure across 12 consecutive NYMEX contract months, rather than concentrating in the front month. USCF Investments

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