Energy department shows natural-gas inventories fall for the week ended Dec. 21

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December 28, 2018 2:26pm NYSE:UNG

natural gas pipe

From Mark Decambre: The U.S. Energy Information Administration reported Friday that domestic supplies of natural gas fell by 48 billion cubic feet for the week ended Dec. 21. Total stocks now stand at 2.725 trillion cubic feet, down 623 billion cubic feet from a year ago, and 647 billion below the five-year average, the government said. February natural gas NGG19, -7.19% was trading at $3.369 per million British thermal units, down 18 cents, or 4.9%.

The United States Natural Gas Fund L.P. (UNG) was trading at $27.36 per share on Friday afternoon, down $1.50 (-5.20%). Year-to-date, UNG has gained 17.32%, versus a -6.41% rise in the benchmark S&P 500 index during the same period.

UNG currently has an ETF Daily News SMART Grade of C (Neutral), and is ranked #52 of 108 ETFs in the Commodity ETFs category.

This article is brought to you courtesy of MarketWatch.

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