Nat Gas (UNG) Pops as Draw Surpasses Expectations Last Week - EIA

November 21, 2012 12:07 PM EST
The United States Natural Gas (NYSE: UNG) ETF is popping Wednesday afternoon following new data out of the EIA for nat gas stockpiles.

According to the EIA, nat gas inventories fell 38 billion cubic feet (bcf) last week. The drop was wider than analyst expectations calling for a 30 bcf decline.

Henry Hub nat gas is up $0.009 to $3.841 per mmBtu on the Comex.

The five-year average change for the week is a gain of 3 bcf.

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