To The Moon

U.S. natural gas futures rose about 3% on Thursday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected. Prices also rose as the amount of gas flowing to Freeport LNG's export plant in Texas increased in recent days after declining earlier in the week. The price hike came ahead of a federal report expected to show last week's storage withdrawal was lower than usual for this time of year as mild weather kept heating demand for the fuel low. Analysts forecast U.S. utilities pulled just 80 billion cubic feet (bcf) of gas from storage during the week ended March 3. That compares with a decrease of 126 bcf in the same week last year and a five-year (2018-2022) average decline of 101 bcf. If correct, last week's decrease would cut stockpiles to 2.034 trillion cubic feet (tcf), or 21.7% above the five-year average.$Bloomberg Natural Gas Bull 2X ETF(BOIL)$