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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Global markets slumped following a significant decline in the S&P 500 and Nasdaq, driven by disappointing earnings from Alphabet and Tesla. The S&P 500 experienced its largest daily drop since December 2022, and the Nasdaq since October 2022. Commodities like crude oil and gold also saw declines.

Portfolio Pulse from Akanksha Bakshi

July 25, 2024 | 10:41 am

USA gasoline inventories saw a significant draw of 5.572 million barrels, compared to a prior build of 3.328 million barrels. This unexpected draw could impact energy-related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:30 pm

The EIA reported a weekly draw of 2.753 million barrels in distillate stocks, contrasting with the previous week's build of 3.454 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:30 pm

Global markets experienced declines with U.S. stock markets closing in the red. Alphabet (GOOG) and Tesla (TSLA) reported positive Q2 revenues. The U.S. Fifth District’s composite manufacturing index fell, and existing home sales decreased. Crude oil prices hit a six-week low but slightly rebounded. Asian and European markets also saw declines.

Portfolio Pulse from Akanksha Bakshi

July 24, 2024 | 10:46 am

On July 19th, U.S. stock markets closed lower due to a global tech outage caused by a glitch in Crowdstrike’s software, affecting Microsoft’s Windows system. The Dow Jones fell 0.93%, the S&P 500 declined 0.71%, and the Nasdaq Composite dropped 0.81%. Energy shares experienced the largest decline, while healthcare and utilities posted gains. Baker Hughes reported a decrease in active U.S. oil rigs. European markets advanced, and the U.S. dollar retreated while gold held above $2,400.

Portfolio Pulse from Akanksha Bakshi

July 22, 2024 | 10:36 am

U.S. stock markets closed lower on July 18, with major indexes dropping and sectors like healthcare, consumer discretionary, and financials suffering the most. Energy stocks closed higher. Pre-market drops were seen in CrowdStrike and Microsoft due to a global Windows crash. Asian and European markets also declined, and commodities like gold and silver saw significant drops. The U.S. Dollar strengthened amid global market unease.

Portfolio Pulse from Akanksha Bakshi

July 19, 2024 | 11:01 am

The latest report on USA natural gas storage shows an increase of 10 billion cubic feet, significantly below the estimated 27 billion cubic feet and the previous week's 65 billion cubic feet. This could impact natural gas prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:36 pm

Global markets showed mixed results with U.S. stock markets closing mixed, Asia experiencing varied performance, and European markets advancing. The S&P 500 and Nasdaq fell sharply due to potential U.S. trade restrictions on China, while the Dow Jones Industrial Average rose. Commodities saw minor fluctuations, and the U.S. Dollar gained.

Portfolio Pulse from Akanksha Bakshi

July 18, 2024 | 10:36 am

USA gasoline inventories saw a build of 3.328 million barrels, contrary to the expected draw of 1.700 million barrels and the prior draw of 2.006 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 2:30 pm

The EIA reported a build of 3.454 million barrels in distillate stocks, contrary to the expected draw of 0.500 million barrels. This follows a previous build of 4.884 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 2:30 pm

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