The ProShares Ultra Bloomberg Natural Gas ETF (BOIL) closed at $44.05 on December 13, 2024, down 3.57% as natural gas futures fell 5.20% to $3.28/MMBtu. The decline in natural gas prices was driven by profit-taking after a recent rally and increased supply pressures. LNG feed gas levels reached an 11-month high of 14.9 Bcf/d, with new operations at Venture Global LNG’s Plaquemines plant contributing to the supply surge. Despite the pullback, natural gas posted a 7% weekly gain, reflecting the market's volatility. Analysts noted the unusual contango in the March-April spread, suggesting that winter price peaks may have already passed. The market is also facing resistance near the $3.40 level, with significant selling pressure observed.