** Shares of natural gas companies fall as natgas futures drop about 5% from a two-year high in the prior session
** U.S. natgas prices down 5.6% at $4.01 per million British thermal units (mmBtu), after the contract closed at its highest since Dec. 30, 2022, on Thursday
** Natgas prices fell on forecasts for milder weather in late January and early February, which should cut demand for gas for heating
** LNG firms EQT Corp dips 1.5% and CNX Resources
falls 1.9%
** ETFs United States Natural Gas Fund down 5.6% and ProShares Ultra Bloomberg Natural Gas down 10%
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.