Natural Gas (UNG) Shows Strength Heading into Weekend
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Natural gas futures and United States Natural Gas ETF (NYSE: UNG) rose for a second day yesterday after a government report Thursday showed that U.S. stockpiles for natural gas increased less than expected. Weekly inventories showed a bump of 62 bcf, below a survey that called for an injection of 64 bcf. The buildup is below last year's 90 bcf build for the same period and the average five year build of 87 bcf.
UNG last traded at $17.97, up 0.5 percent. The ETF is up 14 percent since June 7th.
UNG last traded at $17.97, up 0.5 percent. The ETF is up 14 percent since June 7th.
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