US natgas companies fall on milder weather forecasts

Shares of U.S. natural gas companies down, tracking a fall in natgas futures NGA/

U.S. natgas futures NGc1 down 2.2% at $3.924 per million British thermal unit, putting the contract on track for its lowest close since October 29

On Monday, the contract closed at its lowest since October 30 for a second day in a row

Natgas prices slide to a six-week low on forecasts for milder weather over the next two weeks than previously expected, near-record output, ample amounts of gas in storage, and recent declines in gas prices around the world

Natgas companies fall: CNX Resources CNX.N 1.7%, EQT Corp EQT.N 1.9%, Cheniere Energy LNG.N 1.3%, Williams Companies WMB.N 1.2%

Energy Transfer ET.N and NextDecade NEXT.O down 1.1% and 1.5%

ETFs United States Natural Gas Fund UNG.P down 3.5%, and ProShares Ultra Bloomberg Natural Gas BOIL.P falls 5.4%