Category: NYSEARCAUNG
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U.S. natural gas slumps as Gulf of Mexico storm seen slamming demand (NYSEARCA:UNG)
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straga/iStock via Getty Images U.S. natural gas futures fell sharply on Monday as Tropical Storm Francine in the Gulf of Mexico was expected to make landfall on the upper Texas and Louisiana coasts on Wednesday, raising the possibility of lower natural gas prices by reducing demand. By cutting off power…
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Natural gas surges as weather forecasts see sizzling temps across U.S. (NYSEARCA:UNG)
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Straja/iStock via Getty Images U.S. natural gas futures jumped above $3 to their highest levels in five months on Tuesday, as weather forecasts called for above-average temperatures in much of the country. Forecast from the National Weather Service Much of the country showed hotter than normal temperatures The United States…
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U.S. natural gas pulls back after failing to hold above $3 (NYSEARCA:UNG)
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Straja/iStock via Getty Images US natural gas futures rose above $3 for the first time since November before retreating in another choppy session on Monday, failing to sustain initial strong gains on the prospect of increased demand from hot weather that could further exacerbate the problem. Reduce surplus storage in…