Weekly natural gas report shows a bigger-than-expected decline in supplies

Share This Article
February 21, 2019 1:20pm NYSE:UNG

natural gas

From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 177 billion cubic feet for the week ended Feb. 15. That was bigger than the 165 billion cubic foot decline forecasted by analysts polled by S&P Global Platts. Total stocks now stand at 1.705 trillion cubic feet, down 73 billion cubic feet from a year ago and 362 billion below the five-year average, the government said. March natural gas NGH19, +1.90% traded at $2.689 per million British thermal units, up 5.3 cents, or 2%, from Wednesday’s settlement. It was at $2.669 before the supply data.



The United States Natural Gas Fund L.P. (UNG) was trading at $23.86 per share on Thursday afternoon, up $0.28 (+1.19%). Year-to-date, UNG has gained 2.32%, versus a 4.57% 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.


9 "Must Own" Growth Stocks For 2019

Read Next



Get Free Updates

Join over 50,000 investors who get the latest news from ETFDailyNews.com!

Most Popular



Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories