Streetbeat News

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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The latest Baker Hughes report shows no change in the U.S. oil rig count, a decrease of one in the natural gas rig count, and a total rig count of 585, down from 586 previously.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:02 pm

U.S. stocks closed lower due to economic slowdown concerns, with major indexes like the Dow, S&P 500, and Nasdaq declining. Technology stocks led the fall, while financials and real estate gained. Gold hit a new all-time high, and U.S. futures showed positive movement.

Portfolio Pulse from Akanksha Bakshi

August 23, 2024 | 11:03 am

The latest data shows that USA natural gas storage increased by 35 billion cubic feet (BCF), surpassing the estimated 26 BCF and significantly higher than the previous week's decrease of 6 BCF.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:30 pm

U.S. stocks closed higher as investors anticipate a September rate cut following FOMC minutes. Consumer discretionary stocks led gains, while financials and energy lagged. Asian markets showed mixed results, with Japan's Nikkei 225 and Hong Kong's Hang Seng rising. European markets advanced slightly, and commodities showed varied movements. The U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

August 22, 2024 | 11:05 am

The latest report on USA gasoline inventories shows a draw of 1.606 million barrels, significantly higher than the estimated draw of 0.100 million barrels and the prior draw of 2.894 million barrels. This indicates a higher demand or lower supply than expected.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:31 pm

The EIA reported a draw of 3.312 million barrels in weekly distillate stocks, contrary to the expected build of 0.040 million barrels. This is a significant change from the prior draw of 1.673 million barrels.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:31 pm

U.S. stock markets closed lower, breaking an eight-day winning streak, with energy stocks declining and consumer staples gaining. Eli Lilly's shares rose due to positive drug results, while Palo Alto Networks saw a significant jump on strong forecasts. Boeing fell after an FAA directive. Asian markets were mixed, and European markets advanced. Commodities showed varied movements, with gold near all-time highs.

Portfolio Pulse from Akanksha Bakshi

August 21, 2024 | 11:37 am

On August 16th, U.S. stock markets closed higher with the S&P 500 and Nasdaq achieving their seventh consecutive session of gains. Positive economic indicators and optimism about potential Federal Reserve rate cuts lifted investor sentiment. Most S&P 500 sectors closed higher, led by financials, tech, and utilities. Asian markets showed mixed results, with Japan's Nikkei 225 closing lower while other major indices in the region rose. European markets opened in the green, and commodities saw varied movements with gold hitting a new high. The U.S. dollar weakened amid expectations of dovish signals from the Federal Reserve.

Portfolio Pulse from Akanksha Bakshi

August 19, 2024 | 10:54 am

The latest Baker Hughes report shows a decrease in the U.S. oil rig count by 2 to 483, while the gas rig count increased by 1 to 98. The total rig count now stands at 586, down from 588 previously.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 5:04 pm

U.S. stock markets closed higher on Thursday, led by the Nasdaq, after strong July retail sales data. Nine of the 11 major S&P 500 sectors advanced. Asian markets also saw gains, with Japan's Nikkei 225 up 3.88%. European markets opened mixed, and crude oil prices fell by 2%. Gold remained near record highs.

Portfolio Pulse from Akanksha Bakshi

August 16, 2024 | 10:59 am

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