This week’s natural gas report released, supplies fall by 204 billion cubic feet

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March 14, 2019 11:26am NYSE:UNG

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From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 204 billion cubic feet for the week ended March 8. That was within range of the 208 billion-cubic-feet decline expected by analysts polled by S&P Global Platts. Total stocks now stand at 1.186 trillion cubic feet, down 359 billion cubic feet from a year ago and 569 billion below the five-year average, the government said. April natural gas NGJ19, +0.60% traded at $2.834 per million British thermal units, up 1.4 cents, or 0.5%, from Wednesday’s settlement. It was at $2.844 before the supply data.



The United States Natural Gas Fund L.P. (UNG) was trading at $24.99 per share on Thursday morning, up $0.11 (+0.44%). Year-to-date, UNG has gained 7.16%, versus a 5.75% 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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