Natgas companies gain on lower output, higher demand forecasts

Shares of U.S. natural gas companies up, tracking rise in natgas futures NGA/

U.S. natgas futures NGc1 up 2.6% at $3.35 per million British thermal units

Natural gas prices rose after the long U.S. Memorial Day holiday weekend, on a drop in output so far this month, forecasts for more demand this week than previously expected and hotter-than-normal weather this summer

Shares of natgas companies: CNX Resources CNX.N up 2.4%, EQT Corp EQT.N rises 1.3%, Cheniere Energy LNG.N up 1.1% and Williams Companies WMB.N gains 1.8%

NextDecade NEXT.O rises 1.1% and Sempra SRE.N up 1.6%

ETFs — United States Natural Gas Fund UNG.P and ProShares Ultra Bloomberg Natural Gas BOIL.P each up marginally