UNG: $4.00 Natural Gas? Science Behind The Coldest Weather Coming In Three Decades
Portfolio Pulse from
The natural gas ETF, UNG, is expected to see price increases due to a predicted cold winter in the eastern U.S. influenced by La Niña Modoki and a Polar Vortex. Natural gas prices may exceed $4.00 in January due to potential well-head freezes in the Gulf.
December 30, 2024 | 4:15 pm
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The United States Natural Gas Fund (UNG) is likely to benefit from a predicted cold winter in the eastern U.S., driven by La Niña Modoki and a Polar Vortex, which could push natural gas prices above $4.00 in January.
The article predicts a cold winter in the eastern U.S. due to La Niña Modoki and a Polar Vortex, which could lead to increased demand for natural gas and potential well-head freezes, driving prices above $4.00. This is likely to positively impact UNG, which tracks natural gas prices.
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