NEW YORK, January 1, 2026, 13:00 ET — Market closed

• U.S. natural gas-linked fund UNG fell 6.7% in the last session as Henry Hub futures dropped on warmer forecasts and a light storage draw.
• Gas producers slipped while LNG exporter Cheniere edged up, with traders focused on weather updates and the next EIA storage report.

The United States Natural Gas Fund (UNG) sank 6.7% on Wednesday, the last U.S. trading session of 2025, tracking a sharp pullback in U.S. natural gas prices after traders leaned into a warmer weather outlook for early January.

The move matters because winter pricing is still dominated by short-term swings in heating demand, and forecasts can change quickly. A warmer-than-normal pattern typically means less gas burned for…