$ProShares Ultra Bloomberg Natural Gas (BOIL.US)$ US natural...

US natural gas futures climbed to $3.1/MMBtu, recovering from last week’s 7.8% drop as demand is now expected to remain stronger than previously anticipated. While warmer-than-normal weather forecasts suggest reduced heating needs, this impact may be offset by higher feedgas volumes to LNG export plants. Gas deliveries to the nation’s seven major LNG facilities averaged 14.2 bcfd in early December, up from 13.6 bcfd in November and nearing record highs. On the supply side, December production in the Lower 48 states rose to 102.3 bcfd, up from 101.5 bcfd in November. Analysts expect further production increases in 2025, driven by strong export demand and recovering prices. Meanwhile, EIA data showed a storage withdrawal of 30 billion cubic feet, leaving inventories at 3,937 billion cubic feet.