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

US natural gas futures climbed above $3.4/MMBtu, reaching their highest level in over two weeks, driven by a larger-than-expected storage draw reported by the EIA. US utilities withdrew 190 billion cubic feet (bcf) of gas from storage for the week ending December 6, well above the 170 bcf forecast. This withdrawal significantly exceeded both last year’s 72 bcf and the five-year average of 71 bcf for the same period. Despite the draw, meteorologists predict warmer-than-normal weather across much of the US through December 26, which could temper heating demand. On the export side, LNG shipments remain robust, with gas flows to US LNG export facilities averaging 14.1 bcf/day so far in December, up from 13.6 bcf/day in November. Domestic production also increased, averaging 102.8 bcf/day this month, though still below last December’s record 105.3 bcf/day.