logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Polar Vortex Drives Up Gas Prices, Iranian Deal Drives Down Crude

By  +Follow January 13, 2014 8:46AM
Share:
Tickers Mentioned:

ETFs tracking natural gas prices spiked Monday, following natural gas futures north as speculation that Thursday’s report on stockpiles from the Energy Department will show steep declines. Natural gas futures for Feb. 14 delivery were up over 4.75 percent Monday.

Gains for natural gas futures pulled up the major ETFs tracking natural gas prices, as well as companies extracting it. The United States Natural Gas Fund (UNG) jumped by more than 4.75 percent, the iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) climbed over 6.25 percent, and the United States 12-Month Natural Gas Fund (UNL) is up almost 3.5 percent.

Polar Vortex, Cold Weather Could be Spurring Demand

The winds that swept down from the north bringing sub-zero temperatures to most of the United States this last week also brought with them the chance that natural gas usage would increase dramatically. And, with MDA Weather Services predicting persistently lower-than-average temperatures, speculation appears to be raging among traders that the US Energy Department will report dramatically lower reserves on Thursday, driving up prices for natural gas.

“Traders are focusing on the fact that we’re probably going to see a record storage withdrawal,” said FCStong Latin America’s senior vice president of energy trading Tom Saal. “The market’s not ready to give up on winter yet.”

Thursday’s report is widely expected to show reserves dropping by more than 300 billion cubic feet in the week ending Jan. 10, a figure that would exceed the previous record decline of 285 billion cubic feet from Dec. 13.

Crude Oil Prices Continue to Plunge

News of this weekend’s deal with Iran that could return some of that country’s vast oil reserves to the open market pushed crude prices even lower on Monday, moving against natural gas’ big gains. West Texas Intermediate (WTI) crude was down almost 1 percent, below $92 a barrel, while Brent Crude was off over 0.25 percent to just under $107 a barrel.

"Up to 1 million barrels of Iranian oil per day could become available," said Commerzbank analysts. "Unless oil production was cut elsewhere, this would give rise to a considerable oversupply on the oil market, which would weigh on prices."

WTI reached a six-month low, continuing a decline of over 8 percent since it peaked at just over $100 a barrel in late December and pulling down ETFs connected to crude prices with it. The United States Oil Fund ($USO) was off almost 1.25 percent, the PowerShares DB Oil Fund ($DBO) fell just over 1 percent, and the United States 12-Month Oil Fund (USL) fell almost 0.75 percent.

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for UNG
MoneyPennyStocks
31 Jan 15 22:26:09
Commented on StockTwits: @2 You almost temepeted me to make a joke about becoming numb from $UNG constantly http://t.co/HkZ7Xubtu6
Rosner Stocks
31 Jan 15 22:21:08
$GPRO Stock Price Updated Sunday, February 1, 2015 00:59:23 AM $UNG $PFE $GOOG $ELTP http://t.co/jFfvnsL03A
Pennystocker
31 Jan 15 21:57:01
Learn the secrets of pennystock trading in this video http://t.co/qfXS1t6AiX $UNG $REXX $EMES $SRPT $NVS $HAS http://t.co/7tEDc0fWO0
Ximenx
31 Jan 15 21:36:05
RT @LinYingjun: $UNG was a $516/share in Jun 2008, while #natgas was traded at 13.75. $UGAZ $DGAZ $NG_F
Lin/林莹君
31 Jan 15 21:29:55
$UNG was a $516/share in Jun 2008, while #natgas was traded at 13.75. $UGAZ $DGAZ $NG_F
Maleah
31 Jan 15 19:49:43
Tip #4 How to identify a HOT SECTOR? http://t.co/jnfUIrz2zo $UGAZ $JCP $PBYI $UNG $DGLY
Pennystocker
31 Jan 15 19:37:26
Learn the secrets of pennystock trading in this video http://t.co/qfXS1t6AiX $UNG $REXX $EMES $SRPT $NVS $HAS http://t.co/F49TmrKnsn
PolgarStocks
31 Jan 15 19:19:11
$ODP Company Info Updated Saturday, January 31, 2015 10:07:03 PM $UNG $HALO $EW $CELG http://t.co/FDXcFICmge
Rosner Stocks
31 Jan 15 19:19:10
$UNG Financials Updated Saturday, January 31, 2015 9:59:23 PM $ACAD $PHM $FDX $GS http://t.co/YhrpwXnzuh
Rosner Stocks
31 Jan 15 19:19:06
$XLP Last Price Updated Saturday, January 31, 2015 9:59:23 PM $PHM $TSLA $UNG $COST http://t.co/LrQoyTjjmt
PENNYBUSTER
31 Jan 15 18:21:07
RT @natgastrading: The History and Likelihood of "V Shaped" Oil Recoveries > http://t.co/IOyI86KaBh $USO $UNG $UWTI $UGAZ
Rosner Stocks
31 Jan 15 18:17:37
$COP Financials Updated Saturday, January 31, 2015 8:59:23 PM $HALO $UNG $VXX $EMN http://t.co/xsrNGWFYSG
PolgarStocks
31 Jan 15 16:16:31
$MRK Recent News Updated Saturday, January 31, 2015 7:07:00 PM $MMM $MO $DOW $UNG http://t.co/6UJ3KIr9Ax
Rosner Stocks
31 Jan 15 16:16:06
$CLF Stock Price Updated Saturday, January 31, 2015 6:59:22 PM $TLO $UNG $QLD $XLY http://t.co/zysUylyQxZ
Michael Torres, PhD
31 Jan 15 13:39:02
RT @DallasTexxxas: You pigs ready to go bear hunting Monday? $UGAZ $UNG $DGAZ
Stephen s
31 Jan 15 13:18:17
RT @PolgarStocks: $SPXL Reviews Updated Saturday, January 31, 2015 3:07:34 PM $USO $UNG $TSM $MYEC http://t.co/qzic9VYzLQ
DAYTRADER4LIFE
31 Jan 15 13:15:23
RT @DallasTexxxas: You pigs ready to go bear hunting Monday? $UGAZ $UNG $DGAZ
THE DIVINE DT❌❌❌™
31 Jan 15 13:14:01
You pigs ready to go bear hunting Monday? $UGAZ $UNG $DGAZ
Chris Versace
31 Jan 15 13:02:03
Good for my $XLU and $UNG positions - Winter storm threatens heavy snow, sleet from Midwest to East Coast http://t.co/GZnXoY8zGw @reuters
Nat Gas
31 Jan 15 12:40:47
The History and Likelihood of "V Shaped" Oil Recoveries > http://t.co/IOyI86KaBh $USO $UNG $UWTI $UGAZ
Pennystocker
31 Jan 15 12:23:41
Learn the secrets of pennystock trading in this video http://t.co/AuXWzFoQuZ $UNG $REXX $EMES $SRPT $NVS $HAS http://t.co/toM9iNlvk2
PolgarStocks
31 Jan 15 12:13:17
$SPXL Reviews Updated Saturday, January 31, 2015 3:07:34 PM $USO $UNG $TSM $MYEC http://t.co/qzic9VYzLQ
Eric
31 Jan 15 12:05:59
RT @DallasTexxxas: Austin settles into a DEEEEP cold at the ground level that should have heaters on all weekend $UNG $UGAZ set for a big p…
Langan Stocks
31 Jan 15 10:52:14
$F News Updated Saturday, January 31, 2015 1:03:29 PM $SCO $UNG $IWC $TASR http://t.co/SoMFrSMGL5
PennyStock Zone
31 Jan 15 10:50:36
Tip #4 How to identify a HOT SECTOR? http://t.co/cFuOlMXLZp $UGAZ $JCP $PBYI $UNG $DGLY
IH News Desk
31 Jan 15 10:11:09
$IMSC Filings Updated Saturday, January 31, 2015 12:11:43 PM $DIA $UNG $USO $BAC http://t.co/ffL6Tb5Hk4
Langan Stocks
31 Jan 15 09:51:09
$EEM Short Sales Updated Saturday, January 31, 2015 12:03:28 PM $CSCO $ERY $UNG $TLT http://t.co/ln83iezdZL
Langan Stocks
31 Jan 15 09:51:07
$GILD Financials Updated Saturday, January 31, 2015 12:03:28 PM $UCO $YUM $SSO $UNG http://t.co/V6qrcbt5Pj
James DiPlata
31 Jan 15 09:42:20
RT @tradewithjoe: Really Last week to get free trade alerts on $SPY $QQQ $IWM $BABA $AAPL $FB $TWTR $IBB $BIIB $GLD $GDX $USO $UNG - http:/…
Josh Noe
31 Jan 15 09:28:19
Great Post---> #Rig Counts And How To Interpret Them https://t.co/vq1knox3A2 via @pcdunham $uso $ung $xle $oih $fcg
tradewithjoe
31 Jan 15 09:20:15
Really Last week to get free trade alerts on $SPY $QQQ $IWM $BABA $AAPL $FB $TWTR $IBB $BIIB $GLD $GDX $USO $UNG - http://t.co/gAwmtSYxPs
IH News Desk
31 Jan 15 09:11:09
$UNG Filings Updated Saturday, January 31, 2015 11:11:55 AM $AMGN $HIMX $EWY $CAT http://t.co/2rRke2xYk9
.x Wanderlust x.
31 Jan 15 09:05:22
RT @DallasTexxxas: Austin settles into a DEEEEP cold at the ground level that should have heaters on all weekend $UNG $UGAZ set for a big p…
Langan Stocks
31 Jan 15 08:50:17
$BIB Opinions Updated Saturday, January 31, 2015 11:03:36 AM $UNG $LUV $XLU $IBM http://t.co/MfTUrCdzHc
THE DIVINE DT❌❌❌™
31 Jan 15 08:45:05
Austin settles into a DEEEEP cold at the ground level that should have heaters on all weekend $UNG $UGAZ set for a big pop Monday
Market Masta
31 Jan 15 08:43:30
The Natural Gas Overshoot & some notable observations: $UNG $UGAZ $DGAZ http://t.co/xExpRgBAqS
Langan Stocks
31 Jan 15 07:49:36
$TZA Short Sales Updated Saturday, January 31, 2015 10:03:47 AM $BLTA $VGK $UNG $RSX http://t.co/ChTRgHBACF
lookn4wins
31 Jan 15 07:40:46
$VCSH 200 Simple Moving Average $VCSH Most recent stock chart and technical analysis. $DOW $XOM $CAT $UNG $PG http://t.co/4Td51QCMex
chartguy89
31 Jan 15 07:31:56
UNG Stock Chart $UNG $DBE $GPRO $LIF.TO http://t.co/zzoBhHQBAb http://t.co/8oAtbGlfGS
Tony B
31 Jan 15 07:03:32
RT @SeekingAlpha: So Long, January http://t.co/u1bl2GhDvj $SPY $DIA $XLF $XLE $XLV $XLU $EWZ $EWC $EWW $EWP $EWG $EWQ $EWJ $INP $EWH $USO $…
iHangout
31 Jan 15 06:49:20
chartguy89: Stock Charts: AMBA Stock Chart $AMBA $SMN $XLE $UNG http://t.co/od5guXOlla
chartguy89
31 Jan 15 06:44:32
AMBA Stock Chart $AMBA $SMN $XLE $UNG http://t.co/3UX1jBvmZ1 http://t.co/lEOwYBvp8h
Investors Hangout
31 Jan 15 06:42:06
danrocks: $EDC Showing on my streamers $ASHR $LIF.TO $UNG http://t.co/p06RrEPp5H
Investors Hangout
31 Jan 15 06:42:06
danrocks: $EDC Showing on my streamers $ASHR $LIF.TO $UNG http://t.co/USIbUCC9P2
danrocks
31 Jan 15 06:39:06
$EDC Showing on my streamers $ASHR $LIF.TO $UNG $LUV $LNC http://t.co/qDFqeK5ZOK
Seeking Alpha
31 Jan 15 06:36:52
So Long, January http://t.co/u1bl2GhDvj $SPY $DIA $XLF $XLE $XLV $XLU $EWZ $EWC $EWW $EWP $EWG $EWQ $EWJ $INP $EWH $USO $UNG $GLD $SLV
chartguy89
31 Jan 15 06:29:35
MINE Stock Chart $MINE $EWY $BAC $UNG http://t.co/3UX1jBvmZ1 http://t.co/TIvYRGfpIk
SmallCaps
31 Jan 15 06:11:39
Tip #4 How to identify a HOT SECTOR? http://t.co/ewe2BEND4R $UGAZ $JCP $PBYI $UNG $DGLY
PolgarStocks
31 Jan 15 06:06:10
$VLO Short Sales Updated Saturday, January 31, 2015 08:07:41 AM $GDX $V $UNG $CHL http://t.co/nVhbkgejAg
PolgarStocks
31 Jan 15 04:04:37
$UNG News Updated Saturday, January 31, 2015 06:07:42 AM $NFLX $DUST $AGG $XLB http://t.co/aV7e5UYNWq
				
				
By  +Follow January 13, 2014 8:46AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.