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

US natural gas futures rose toward the $3.35 per MMBtu on Wednesday, not far from the one-year high of $3.5 tested earlier in the month, as bets of stronger global LNG demand in the upcoming year dampened the outlook of domestic supply. Uncertainty regarding gas flows to Europe remained in focus amid doubts that central European economies will be able to continue receiving Russian gas through Ukraine with the EU Commission’s stricter stance on phasing out Russian fossil fuels. This raises demand for US LNG at the turn of the US presidency. Incoming President Trump signaled that his administration is against holding back on US LNG export permits, driving firms to favor more profitable exports instead of cheaper gas sales domestically due to the ample supply in the US. In turn, markets awaited the EIA’s weekly report on domestic natural gas stocks, with the US likely being five weeks into an anticipated inventory-drawing season.