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 experienced significant declines, with U.S. stocks closing lower due to economic concerns and mixed sector performance. Asian markets, particularly Japan, saw sharp drops, while European markets opened in the red. Commodities like gold surged on safe-haven demand.

Portfolio Pulse from Akanksha Bakshi

August 02, 2024 | 11:21 am

The latest report on USA natural gas storage shows an 18 billion cubic feet increase, which is below the estimated 31 billion cubic feet and the prior increase of 22 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:30 pm

On July 31, U.S. stock markets closed higher with significant gains in the S&P 500 and Nasdaq, driven by a rally in chip stocks and the Federal Reserve's decision to keep interest rates unchanged. U.S. pending home sales rose 4.8% in June, and private businesses added 122,000 jobs in July. In Asia, Japan's Nikkei 225 fell sharply due to a hawkish stance from the BOJ, while Australia's S&P/ASX 200 and India's Nifty 50 saw gains. European markets declined, and commodities like gold and crude oil saw price increases. The U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

August 01, 2024 | 10:52 am

USA gasoline inventories saw a draw of 3.665 million barrels, compared to a previous draw of 5.572 million barrels. This indicates a smaller reduction in gasoline stockpiles than previously observed.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:30 pm

The EIA reported a build of 1.534 million barrels in distillate stocks, compared to a previous draw of 2.753 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:30 pm

Global markets showed mixed results with U.S. indices closing mixed, Asian markets rising, and European markets opening higher. Crude oil prices advanced by 2.6% due to geopolitical tensions. Key U.S. stocks like Microsoft and Nvidia saw declines due to earnings and growth concerns.

Portfolio Pulse from Akanksha Bakshi

July 31, 2024 | 10:42 am

On Monday, July 29th, U.S. stock markets closed mixed with the S&P 500 slightly higher. The Dallas Fed Manufacturing index declined to -17.5 in July. Tesla's stock rallied after Morgan Stanley added it to its 'top pick' U.S. autos list. Asian markets were mostly down, while European markets were mixed. Crude oil hovered around $75, balancing concerns about Chinese demand and U.S. inventories.

Portfolio Pulse from Akanksha Bakshi

July 30, 2024 | 10:53 am

U.S. Baker Hughes reported an increase in the oil rig count by 5 to 482, and the total rig count rose to 589 from 586.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 5:05 pm

On July 25th, U.S. stock markets closed mixed with the Dow Jones Industrial Average rising due to strong GDP data, while the S&P 500 and Nasdaq Composite fell. Initial jobless claims dropped, and the economy grew by 2.8% in Q2. Asian and European markets mostly advanced, and commodities showed mixed performance.

Portfolio Pulse from Akanksha Bakshi

July 26, 2024 | 10:27 am

The latest report on USA natural gas storage shows an increase of 22 billion cubic feet, significantly higher than the estimated 13 billion cubic feet and the prior week's 10 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:30 pm

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