US natgas companies rise on LNG exports, storage drop

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

U.S. natural gas futures NGc1 up 2.5% at $3.59 per million British thermal units, putting the contract on track for its highest close since January 30

Natgas prices jump on rising flows to liquefied natural gas (LNG) export plants, forecasts for more demand next week than previously expected, and a drop in the amount of gas in storage after last week's record withdrawal during an Arctic freeze

Natgas companies: Venture Global VG.N up 3.1%, EQT Corp EQT.N rises 1.3% and CNX Resources CNX.N gains 1.4%; Expand Energy EXE.O and Cheniere Energy LNG.N both climb 1%

Natgas ETFs: United States Natural Gas Fund UNG.P up 2.7%, while ProShares Ultra Bloomberg Natural Gas BOIL.P climbs 5.6%