Natgas companies gain on lower output forecasts, higher demand

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

U.S. natgas futures NGc1 up 5.1% at $3.62 per million British thermal units, putting the contract on track for its highest close since May 9

Natural gas prices rose on a drop in output forecasts for warmer weather and higher demand this week than previously expected

Shares of natgas companies: EQT Corp EQT.N up 3.7%, Cheniere Energy LNG.N rises 2.4% and New Fortress Energy NFE.O up 6.4%

ETFs — United States Natural Gas Fund UNG.P and ProShares Ultra Bloomberg Natural Gas BOIL.P up 7% and 13.7%, respectively