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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for UNG
Somanath
29 Jul 15 10:50:19
IHPosts : UNG United States Natural Gas Fund Stock Forum http://t.co/aZcVDNa8Kj $UNG $H… http://t.co/fuBzs92rCp) http://t.co/2QTrvQTytY
Somanath
29 Jul 15 10:50:04
Emylers : HLF Herbalife Ltd. Volume http://t.co/8b3LRqtQxt $HLF $UNG $GT $VWO #HLF #sto… http://t.co/djiEOVb5QO) http://t.co/JU3OeurtEq
Bespoke Weather
29 Jul 15 10:49:27
Lots of buying volume moving into the natural gas market. 3,500 Sept contracts traded in last 5 minutes. Up 1.8% now. $UGAZ $UNG
Investors Hangout
29 Jul 15 10:47:40
UNG United States Natural Gas Fund Stock Forum http://t.co/gAA9davYKU $UNG $HGU.TO $ONTY $VXX #UNG #invest #stockmarket
lookn4wins
29 Jul 15 10:43:08
PANW Palo Alto Networks Inc. Investor Opinions http://t.co/A0vvBAHBs2 $PANW $SSO $RUSS $UNG #PANW #share #stock
Emylers
29 Jul 15 10:39:02
HLF Herbalife Ltd. Volume http://t.co/DVafrQtFSv $HLF $UNG $GT $VWO #HLF #stockmarket #tradeideas
PolgarStocks
29 Jul 15 10:14:24
$SH Recent News Updated Wednesday, July 29, 2015 1:06:56 PM $XLB $VGK $SNDK $UNG http://t.co/oYzcoJnYes
Stock_Tracker
29 Jul 15 10:12:58
US Natural Gas (UNG) 13.70 $UNG SmarTrend Watching for Potential Pullback in Shares of United States Natural G http://t.co/bYE0RI1DsH
DailyStockPicks
29 Jul 15 10:05:47
$OCLS $OCLSW spiking over 10% today. Price target of $5 $VXX $DGAZ $UVXY $EFA $UNG $VGK investors read http://t.co/rWpJvFmAFr
Investors Hangout
29 Jul 15 10:04:47
chartguy89: UNG +1.33% Stock Charts $UNG United States http://t.co/sdv6wzb3rU
Investors Hangout
29 Jul 15 10:04:47
chartguy89: UNG +1.33% Stock Charts $UNG United States http://t.co/gcNt62QbF4
chartguy89
29 Jul 15 10:01:22
UNG +1.33% Stock Charts $UNG United States Natural Gas Fund L.P. (NAR) Last Updated: 07/29/2015 12:01:20 UNG S http://t.co/ymIz4y2QlL
Ed Hale
29 Jul 15 09:59:55
Good time 2 short it. At least according to Goldman's Sapperstein... #NatGas $UNG $UGAZ $DGAZ etc etc... @canuck2usa
IH News Desk
29 Jul 15 09:59:16
$SLTD Recent News Updated Wednesday, July 29, 2015 12:10:48 PM $TLT $UNG $XBI $LNKD http://t.co/I4OPFtgyGR
Rosner Stocks
29 Jul 15 09:59:14
$HD News Updated Wednesday, July 29, 2015 11:59:24 AM $XLV $SBUX $UNG $RIG http://t.co/Z2IE02ySnu
IH NASDAQ OMX
29 Jul 15 09:51:44
XLV Health Care Select Sector SPDR Company Info http://t.co/kwCizlMQi7 $XLV $PFE $UNG $FV #XLV #share #finance
Rosner Stocks
29 Jul 15 09:51:40
YELP Yelp Inc. Ask Size http://t.co/3qR5NoFk0h $YELP $UNG $IBM $EA #YELP #investing #investing
Stock Forums
29 Jul 15 09:51:36
XIV VelocityShares Daily Inverse VIX Short Term ETN Last Price http://t.co/cHQKpK5wKb $XIV $GRCU $UNG $UNP #XIV #investing #stockmarket
Jake13
29 Jul 15 09:50:22
UNG United States Natural Gas Fund Ideas http://t.co/niKo2NwiZD $UNG $ARIA $SWKS $CSCO #UNG #share #share
leahanne
29 Jul 15 09:49:25
UNG United States Natural Gas Fund Chart http://t.co/W8G7AKMUNl $UNG $GMCR $AXP $XLE #UNG #invest #stocks
clayton
29 Jul 15 09:49:17
UNG United States Natural Gas Fund Quotes http://t.co/fillAiLxdD $UNG $GG $BIDU $BBRY #UNG #nasdaq #pennystocks
Investors Hangout
29 Jul 15 09:49:17
TZA Direxion Daily Small Cap Bear 3x Shares Message Board Posts http://t.co/hh7KVXL0oZ $TZA $SLV $JNUG $UNG #TZA #pennystocks…
Stock Forums
29 Jul 15 09:49:09
UNG United States Natural Gas Fund Chart http://t.co/qg6USqbtbS $UNG $GMCR $AXP $XLE #UNG #invest #stocks
lookn4wins
29 Jul 15 09:48:43
UNG United States Natural Gas Fund Investor Opinions http://t.co/FHlvW8Dkep $UNG $MYEC $TLT $SDS #UNG #invest #finance
Rosner Stocks
29 Jul 15 09:48:41
UNG United States Natural Gas Fund Ex-Div Date http://t.co/KjMjBnIGfi $UNG $HACK $TNA $UNG #UNG #stocks #pennystocks
IH News Desk
29 Jul 15 09:48:36
UNG United States Natural Gas Fund Volume http://t.co/xIL6n4O23k $UNG $IBB $PSEC $DRV #UNG #stockmarket #tradeideas
IH NASDAQ OMX
29 Jul 15 09:48:36
UNG United States Natural Gas Fund Chart http://t.co/M2hsDFN7UE $UNG $BAC $XOM $AMBA #UNG #stocks #invest
Investors Hangout
29 Jul 15 09:48:10
UNG United States Natural Gas Fund Volume http://t.co/YKB5BC4Nyx $UNG $EEM $XEI.TO $CIEN #UNG #stockmarket #share
IH NASDAQ OMX
29 Jul 15 09:47:37
TSLA Tesla Motors Inc. News http://t.co/7P5kSkwL0j $TSLA $GEVO $UNG $AXP #TSLA #share #pennystocks
Stock Forums
29 Jul 15 09:47:13
SPXS Direxion Daily S&P 500 Bear 3X Shares Change http://t.co/0sv8qxRr3Y $SPXS $NBD.TO $UNG $ARIA #SPXS #pennystocks #investing
leahanne
29 Jul 15 09:46:13
NAT Nordic American Tanker Shipping Ltd. Bid http://t.co/Oxjmytlmcg $NAT $UNG $OIH $ADBE #NAT #invest #stockmarket
lookn4wins
29 Jul 15 09:45:33
QLD ProShares Ultra QQQ Fund Company Info http://t.co/8hucwZDIQ7 $QLD $UNG $C $QTM #QLD #nasdaq #stocks
Stock Forums
29 Jul 15 09:45:05
PHM.V Patient Home Monitoring Corp. Ideas http://t.co/Kk5qVJvxHi $PHM.V $UNG $CVS $XOMA #PHM.V #invest #tradeideas
Stock_Tracker
29 Jul 15 09:44:34
NFLX Netflix, Inc. Dividend http://t.co/s49PUAC8KX $NFLX $TZA $CCO.TO $UNG #NFLX #share #share
nasdaqfan
29 Jul 15 09:44:34
IBM International Business Machines Bid http://t.co/SuFQ6c2XOm $IBM $AXP $XIV $UNG #IBM #tradeideas #finance
jim50
29 Jul 15 09:44:34
IAU iShares COMEX Gold Trust Summary http://t.co/pMFSU3QN6A $IAU $FEYE $MNKD $UNG #IAU #investing #invest
danrocks
29 Jul 15 09:44:33
NHTC Natural Health Trends Corp. Quotes http://t.co/YdGPazA8ak $NHTC $BIDU $UNG $AKAM #NHTC #finance #stocks
Lucky Jimmy
29 Jul 15 09:44:03
GILD Gilead Sciences, Inc. Summary http://t.co/TAI8k9LxpM $GILD $BAC $SBUX $UNG #GILD #invest #pennystocks
Investors Hangout
29 Jul 15 09:43:38
GE General Electric Co. News http://t.co/Qj2yHy4oGk $GE $UNG $XOMA $XOMA #GE #share #investing
IH NASDAQ OMX
29 Jul 15 09:43:35
MO Altria Group Inc. News http://t.co/WlzpwLFOqe $MO $TNA $DRYS $UNG #MO #stocks #stockmarket
Rosner Stocks
29 Jul 15 09:43:34
KR Kroger Co. Dividend http://t.co/gjj6bRS5tp $KR $PLUG $UNG $AAPL #KR #stocks #stockmarket
Gorj Warnok
29 Jul 15 09:42:36
RT @DallasTexxxas: #Oil Inventory Report: 7/29/2015 #Infographic http://t.co/tEWGRl2QSH $UNG $UGAZ $DGAZ $OIL $USO $UWTI $DWTI $UCO http://…
Emylers
29 Jul 15 09:41:14
IBB Biotech iShares Ask http://t.co/wgUZ0acIXO $IBB $ASHR $UNG $ITB #IBB #stocks #finance
IH NASDAQ OMX
29 Jul 15 09:38:48
EFA iShares MSCI EAFE Index Fund Financials http://t.co/AioTvYbcqV $EFA $FRC.TO $UNG $BAC #EFA #stock #nasdaq
IH NASDAQ OMX
29 Jul 15 09:38:47
EFA iShares MSCI EAFE Index Fund Financials http://t.co/MC62d0PhVO $EFA $FRC.TO $UNG $BAC #EFA #stock #nasdaq
IH NASDAQ OMX
29 Jul 15 09:38:47
EFA iShares MSCI EAFE Index Fund Financials http://t.co/5Z77uw0D27 $EFA $FRC.TO $UNG $BAC #EFA #stock #nasdaq
IH NASDAQ OMX
29 Jul 15 09:38:46
EFA iShares MSCI EAFE Index Fund Financials http://t.co/GcfCDbLYX9 $EFA $FRC.TO $UNG $BAC #EFA #stock #nasdaq
IH NASDAQ OMX
29 Jul 15 09:38:46
EFA iShares MSCI EAFE Index Fund Financials http://t.co/MjXF4Z7kk2 $EFA $FRC.TO $UNG $BAC #EFA #stock #nasdaq
Stock Forums
29 Jul 15 09:38:44
FXI iShares FTSE China 25 Index Fund Investor Opinions http://t.co/mkNHHcymG7 $FXI $IBB $SH $UNG #FXI #tradeideas #pennystocks
Stock Forums
29 Jul 15 09:38:41
EFA iShares MSCI EAFE Index Fund Financials http://t.co/7BpgWWemhq $EFA $FRC.TO $UNG $BAC #EFA #stock #nasdaq
				
				
By  +Follow January 13, 2014 8:46AM
Share:

Comments

 

blog comments powered by Disqus

 Today's Must Reads

5 Small-Cap Energy with Hedges to Survive Oil's Bear Market


DraftKings and FanDuel: The New Face of Legalized Online Sports Betting

Is the Market Paying the Toll of Tech?

What Will Uber Look Like in the Future?


How Dodd-Frank Divides Political Parties Prior to 2016 Election

 

Apple (AAPL) is expected to announce its latest quarterly earnings next week. As the most valuable company by mark... in Equities.com's Hangs on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

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

Login or Register

LOG IN