UNL - U.S. nat gas futures retake $5 on cooler weather outlook

U.S. natural gas prices jump for a second straight session, wit the October front month contract (NG1:COM) settling +3.3% at $5.140/MMBtu, as investor focus returns to lower than normal inventories ahead of winter. For the week, the front-month rose 0.7%, enough for the contract's fifth straight weekly gain; during that time, the front-month gained ~30% on record global gas prices and the slow return of production after Hurricane Ida. ETFs: UNG, UGAZF, DGAZ, BOIL, FCG, KOLD, UNL, GAZ Gas-focused equities finished mixed today: RRC +2.8%, COG +2.8% and EQT +2.6%, but AR -1.3% and SWN -1%. With gas prices near record highs of ~$24/MMBtu in Europe and $27/mmBtu in Asia, compared with ~$5 in the U.S., traders expect buyers around the world will keep buying all the liquefied natural gas the U.S. can produce. But sustained heavy buying could further shrink U.S. inventories that are already at a 7% deficit

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U.S. nat gas futures retake $5 on cooler weather outlook