Natural Gas Traders Keep an Eye on the Weather Forecast (UNG)
Tweet
Share
E-mail
Natural Gas traders are keeping one eye on weather forecast. There are two systems that are being watched. The first system consists of thunderstorm activity in the western part of the Gulf of Mexico. An air force reserve hurricane hunter is scheduled to investigate this system later today. The national hurricane center says the system has a 30 percent chance of becoming a cyclone.
The second system is located 1100 miles east. This system is larger and has a high chance of becoming a cyclone in the next 48 hours.
United States Natural Gas (NYSE: UNG) is higher by 0.75 percent intraday on Monday. Natural gas futures trade near $2.75 per million btu.
The second system is located 1100 miles east. This system is larger and has a high chance of becoming a cyclone in the next 48 hours.
United States Natural Gas (NYSE: UNG) is higher by 0.75 percent intraday on Monday. Natural gas futures trade near $2.75 per million btu.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump: Iran conflict is working out very well, talks going on at request of Iran
- Jefferies says gold may recover if real rate pressure eases
- Oil settles down on proposed Saudi-led maritime defence coalition
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!
