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UNG

United States Natural Gas Fund, LP

https://www.uscfinvestments.com/ung

Industry

Asset Management

The fund invests primarily in futures contracts for natural gas that are traded on the NYMEX, ICE Futures Europe and ICE Futures U.S. (together, “ICE Futures”) or other U.S. and foreign exchanges. The Benchmark Futures Contract is the futures contract on natural gas as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration.

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Natural gas prices are low but have potential upside due to the peak heating season and weather sensitivity. While short-term and long-term trends are bearish, medium-term trends show a bullish bias. High U.S. inventories are bearish, but European demand and cold weather could drive prices higher.

Portfolio Pulse from

November 14, 2024 | 7:00 pm

U.S. markets closed lower due to concerns over rising AI-related costs at Microsoft and Meta, despite strong earnings from Amazon and Apple. Crude oil prices rose over 2% amid geopolitical tensions and potential OPEC+ production delays. European markets gained, while Asian markets mostly declined.

Portfolio Pulse from Akanksha Bakshi

November 01, 2024 | 10:52 am

The EIA reported an increase in U.S. gasoline exports to 781,000 barrels per day in August, up from 757,000 barrels per day in July. However, total U.S. oil demand in August decreased by 0.3% compared to the previous year, reaching 20.711 million barrels per day, contrasting with a 2.2% rise in July.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:08 pm

The EIA reported a decrease in U.S. crude oil exports to 3.907 million barrels per day in August from 4.193 million in July. However, total refined oil product exports increased to 3.546 million barrels per day, and distillates fuel exports rose to 1.516 million barrels per day.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:06 pm

The latest report on USA natural gas storage shows a build of 78 billion cubic feet, slightly below the estimated 79 billion and the previous week's 80 billion. This data could influence energy-related ETFs and stocks.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:30 pm

U.S. markets closed lower due to declines in chip stocks, despite positive earnings from Microsoft, Meta, and Alphabet. U.S. GDP growth was slightly below expectations, but private payrolls exceeded forecasts. Crude oil prices rose on optimism about U.S. fuel demand, while the U.S. dollar softened.

Portfolio Pulse from Akanksha Bakshi

October 31, 2024 | 11:26 am

U.S. markets closed higher on October 28th, driven by anticipation for major tech earnings and stable energy supplies. Key stocks like Alphabet, Meta, and Apple gained. Most S&P 500 sectors rose, except tech and energy. Crude oil prices rebounded slightly after a previous drop.

Portfolio Pulse from Akanksha Bakshi

October 29, 2024 | 10:51 am

Oil prices dropped over 6% due to eased supply fears, while U.S. markets closed mixed with the Nasdaq rising. Tesla's positive sales forecast boosted tech stocks, and Nvidia briefly surpassed Apple in market value. Most S&P 500 sectors declined, except for information technology and communication services. Asian and European markets showed gains, and U.S. futures indicated a positive opening.

Portfolio Pulse from Akanksha Bakshi

October 28, 2024 | 11:06 am

The latest Baker Hughes report shows a decrease in U.S. oil rigs by 2, an increase in natural gas rigs by 2, and an unchanged total rig count at 585.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 5:02 pm

U.S. markets closed mixed with gains in Nasdaq and S&P 500 driven by Tesla's surge. Treasury yields eased, but sentiment was cautious due to mixed corporate results. U.S. jobless claims fell, and PMI data showed improvement. Asian markets were mixed, while European markets saw slight gains. Oil prices increased, while gold and silver declined.

Portfolio Pulse from Akanksha Bakshi

October 25, 2024 | 10:47 am

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