Inventory Data Moves Natural Gas Higher Again Today (UNG)
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Natural gas inventories came in lower than expected at 30 bcf, essentially in-line with estimates and lower than the four week average of a 35 bcf build. United States Natural Gas (NYSE: UNG) is moving higher again today in early trading, after beating the pants off other commodities all week. Analysts say production levels for natural gas have finally come in line with demand as electricity companies convert to natural gas generators.
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