🔴 Natural Gas ETF (BOIL) is trading 2.2% down in pre-market as warm forecasts and ample supply pressure futures

BOIL is trading at $16.04, down 2.20%, as warm-weather expectations and ample supply pressured U.S. natural-gas futures.

• U.S. natural-gas futures fell 0.29% on November 4.
• Above-normal temperatures through November 16 may restrain heating demand; recovered production and lower LNG-terminal flows add pressure.
• These commodity-specific headwinds likely explain BOIL’s pre-market decline despite gains in broader U.S. equity futures.