UNL - U.S. nat gas slides to two-week low on more bearish weather outlook

U.S. natural gas prices fell to a two-week low, partly due to forecasts for milder weather over the next week as well as a technical "reversion to the mean type of move," as prices jostle near their 20-day moving average. Front-month gas futures (NG1:COM) closed -3.6% at $4.805/MMBtu, marking a fourth straight session of declines after prices finished last Wednesday at a seven-year high $5.460/MMBtu. ETFs: UNG, UGAZF, DGAZ, BOIL, FCG, KOLD, UNL, GAZ Gas-focused equities finished mostly lower today: SWN -3.3%, RRC -2.6%, COG -2.1% and EQT -1.9%, but AR +0.5%. Since last week's peak, the front-month contract has declined 12% on growing expectations that the U.S. will have enough gas in storage for its winter heating season, even as U.S. stockpiles are ~7% below their five-year average for this time of year. Buyers around the world are continuing to buy all the liquefied natural gas the U.S. can

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U.S. nat gas slides to two-week low on more bearish weather outlook