Natural gas inventories fell 184 bcf last week, which is above the 5 year average of inventory levels.
Natural gas prices are rising on this decline, with the last trade in the commodity at $4.11.
Shares of United States Natural Gas Fund, LP (NYSE: UNG) are up 2 cents after the release of those numbers, to trade at $5.66.
Volume in the ETF is about 3.7 million shares today.
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php
Five Filters featured site: So, Why is Wikileaks a Good Thing Again?.
Source: "ETF Natural Gas" via Glen in Google Reader
No comments:
Post a Comment