Natural Gas ETFs Suffer Worst Winter Bets in 17 Years | Page 2 of 2 | ETF Trends

Consequently, the warmer outlook has diminished heating demand where almost half of all households heat with gas. In October and November, the number of gas-weighted heating degree days, a measure of energy consumption, was about a fifth less than the usual.

“We have a ton of supply and there’s still expectations for a relatively warm winter to continue,” Katie Teller, economist at the US Energy Information Administration, told the Financial Times.

Looking ahead, the National Weather Services forecasts above-average temperatures persisting through February across the U.S.

United States Natural Gas Fund

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Max Chen contributed to this article.