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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

U.S. stock markets rose to a nearly two-week high due to softer producer prices, increasing expectations of a Federal Reserve rate cut in September. Key consumer price data and retail sales figures are now in focus. The S&P 500 saw gains in communication services, tech, and consumer discretionary sectors, while energy stocks fell. The Dow Jones, S&P 500, and Nasdaq Composite all closed higher. Asian markets showed mixed results, with Japan and Australia rising, while China and Hong Kong declined. European markets and commodities like gold and crude oil also saw gains.

Portfolio Pulse from Akanksha Bakshi

August 14, 2024 | 11:16 am

Global markets showed mixed performance with Japan's Nikkei 225 soaring by 3.37%, while U.S. markets closed mixed. The Dow fell, S&P 500 was flat, and Nasdaq gained. Key economic data on U.S. consumer prices is awaited. Gold hit an all-time high of $2,500 before slightly declining.

Portfolio Pulse from Akanksha Bakshi

August 13, 2024 | 10:19 am

The latest Baker Hughes report shows an increase in the U.S. oil rig count by 3 to 485, while the gas rig count decreased by 1 to 97. The total rig count now stands at 588, up from 586 previously.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:03 pm

U.S. natural gas prices are set to extend their gains for a fourth session due to lower-than-expected inventory builds and persistent heat. The United States Natural Gas Fund LP (NYSE:UNG) is tracking these gains. Major producers like EQT Corp. (NASDAQ:EQT) and Chesapeake Energy Corp. (NASDAQ:CHK) are planning to reduce output in response to low prices, which could help balance the market. Weather forecasts remain favorable for natural gas prices in the near term.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 2:41 pm

U.S. stock markets closed higher on August 8, with the Nasdaq and S&P 500 gaining over 2% due to a drop in jobless claims. Eli Lilly shares surged 9.5% after raising its profit forecast. Asian markets were mixed, while European markets opened in green. Commodities saw minor changes, with gold trading near its all-time high.

Portfolio Pulse from Akanksha Bakshi

August 09, 2024 | 10:49 am

The latest report on USA natural gas storage shows an increase of 21 billion cubic feet, slightly below the estimated 22 billion cubic feet but higher than the previous week's 18 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:30 pm

U.S. stock markets closed higher on Tuesday, driven by Federal Reserve officials' comments easing recession fears. The S&P 500 and Nasdaq saw gains, with all major sectors in the S&P 500 closing higher. The Dow Jones Industrial Average also rose. In economic data, the U.S. trade deficit narrowed in June. Asian markets, particularly Japan's Nikkei 225, saw significant gains, while European markets also experienced growth. Crude oil and the U.S. dollar advanced, with the U.S. dollar index gaining 0.31%.

Portfolio Pulse from Akanksha Bakshi

August 07, 2024 | 10:59 am

U.S. stock markets closed sharply lower on Monday, with the Nasdaq and S&P 500 each falling over 3% due to weak economic data and a soft payrolls report. Apple shares dropped 4.8% after Berkshire Hathaway halved its stake. Asian markets showed mixed results, with Japan's Nikkei 225 closing drastically higher by 10.24%. European markets opened in the red, and commodities like crude oil and gold advanced.

Portfolio Pulse from Akanksha Bakshi

August 06, 2024 | 10:40 am

Global markets experienced significant declines, with Japan's Nikkei 225 crashing 13.47% and U.S. indices closing lower due to disappointing jobs data. The Nasdaq Composite entered correction territory, and recession fears heightened. Commodities like crude oil and natural gas also fell, while gold remained near record highs.

Portfolio Pulse from Akanksha Bakshi

August 05, 2024 | 10:44 am

The U.S. Baker Hughes Oil Rig Count remains unchanged at 482, while the Total Rig Count has decreased by 3 to 586 from the previous 589.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:03 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.