Natural Gas (UNG) Shows Strength Heading into Weekend
Tweet
Share
E-mail
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US natural gas power costs reach 17-year high on data center demand, Lazard says
- Oil settles at multi-week high as US-Iran truce buckles under fresh hostilities
- Crude Inventory Rose 3 Million Barrels Last Week - EIA
Create E-mail Alert Related Categories
Commodities, ETFsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
