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

By  +Follow January 13, 2014 8:46AM
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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.

 

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Results for UNG
PolgarStocks
30 Mar 15 23:07:07
$GDX Last Price Updated Tuesday, March 31, 2015 01:05:53 AM $RAD $UNG $DBC $HZNP http://t.co/tytws3AOEd
Langan Stocks
30 Mar 15 20:58:08
$S News Updated Monday, March 30, 2015 11:02:37 PM $TPI $UNG $SMH $F http://t.co/ldqKbzVd1Y
Langan Stocks
30 Mar 15 20:58:04
$SWKS Last Price Updated Monday, March 30, 2015 11:02:37 PM $XLB $UNG $HYG $BIIB http://t.co/DLM5EHvszt
PolgarStocks
30 Mar 15 20:05:10
$TBT News Updated Monday, March 30, 2015 10:05:52 PM $UNG $ZIOP $UWTI $IBB http://t.co/unqSlow7KX
IH News Desk
30 Mar 15 19:59:08
$UNG Last Price Updated Monday, March 30, 2015 10:09:09 PM $MCD $MU $PLUG $UGAZ http://t.co/8jZUJhJ2Jg
GoGoBio
30 Mar 15 19:24:19
RT @EnvestorFirst: Carl Icahn Says Oil Going Lower - $Oil $UNG $UWTI $DWTI #BillionaireWatch http://t.co/qkWlNH0VAi
Langan Stocks
30 Mar 15 18:56:05
$DBC Short Sales Updated Monday, March 30, 2015 9:02:37 PM $MTL $QCOM $UNG $IAI http://t.co/Xi6KZn2fsM
Lusitanian Traders
30 Mar 15 18:31:19
UNG - Pivots (support and resistance - intraday) $UNG http://t.co/4D5MGehQTO
gordon gekko is god
30 Mar 15 18:27:38
The Natural Gas Market Remains Soft - UNG Resumes Its Descent http://t.co/YQjx9BdrRD $UNG
Lusitanian Traders
30 Mar 15 17:49:42
Natural Gas Futures - Pivots (support and resistance - intraday) $NG_F $UNG $UGAZ $DGAZ http://t.co/WbJU3KfGMc
PolgarStocks
30 Mar 15 17:02:12
$SHY Stock Message Board Updated Monday, March 30, 2015 7:05:51 PM $QLD $F $MU $UNG http://t.co/DPRj7gydpu
Langan Stocks
30 Mar 15 16:54:35
$DAL Short Sales Updated Monday, March 30, 2015 7:02:35 PM $UNG $XLV $WMT $S http://t.co/WeC2Il9NlS
Langan Stocks
30 Mar 15 16:54:34
$NVDA Last Price Updated Monday, March 30, 2015 7:02:35 PM $DUST $UNG $UNG $ORLY http://t.co/auNujHzOns
Tim Stephens
30 Mar 15 16:07:48
RT @GreenRush14: After hours Block Trade 950,000 $UGAZ shares at 2.27. $dgaz $ung
Rosner Stocks
30 Mar 15 16:01:44
$IAI Investor Opinions Updated Monday, March 30, 2015 6:21:55 PM $VXX $RGBP $UNG $RTM http://t.co/bNGT6V1zKj
101 Centavos
30 Mar 15 15:58:38
RT @SeekingAlpha: The Natural Gas Market Remains Soft - UNG Resumes Its Descent http://t.co/1IXc4pGOib $UNG
Langan Stocks
30 Mar 15 15:54:26
$UNG Recent News Updated Monday, March 30, 2015 6:25:10 PM $EA $MSG $SH $TQQQ http://t.co/ex2EhoKtk8
Troy Jensen
30 Mar 15 15:25:09
Seeking Alpha | The Natural Gas Market Remains Soft - UNG Resumes Its Descent $UNG: http://t.co/xh3eXMhLMP
ETF Investing
30 Mar 15 14:37:29
The Natural Gas Market Remains Soft - UNG Resumes Its Descent http://t.co/lHU1yDvKu7 $UNG
Seeking Alpha
30 Mar 15 14:37:29
The Natural Gas Market Remains Soft - UNG Resumes Its Descent http://t.co/1IXc4pGOib $UNG
Green Rush 14
30 Mar 15 13:16:48
After hours Block Trade 950,000 $UGAZ shares at 2.27. $dgaz $ung
racer115
30 Mar 15 12:19:06
$ung just bought, bottoms up
Green Rush 14
30 Mar 15 11:05:51
$UGAZ on watch right now. $dgaz $ung
Jacob Meisel
30 Mar 15 10:55:51
Weather models indicate mild, zonal pattern for CONUS in middle of month. Weather-driven demand spikes in nat gas unlikely. $UNG $UGAZ $DGAZ
_JamisonG_
30 Mar 15 09:06:59
$NG_F intraday "cup&chandler" and "morning star" doji on monthly signals a bottom $UGAZ $UNG $Dgaz(💤) http://t.co/JwclxMFs3I
$BKCC
30 Mar 15 08:51:35
IPOs and Transactions: March 23 – 27 > $ENVA $UNG $USO $AGA $BDX $BKCC $WTI > http://t.co/LIsvlsNZUL … … http://t.co/JHyHzue6UQ
$BKCC
30 Mar 15 08:37:57
IPOs and Transactions: March 23 – 27 > $ENVA $UNG $USO $AGA $BDX $BKCC $WTI > http://t.co/LIsvlsNZUL … http://t.co/JHyHzue6UQ
Todd
30 Mar 15 08:26:24
Back in $UGAZ. Keep playing both sides. Make money. $UNG $UGAZ $DGAZ
$BKCC
30 Mar 15 08:19:31
IPOs and Transactions: March 23 – 27 > $ENVA $UNG $USO $AGA $BDX $BKCC $WTI > http://t.co/LIsvlsNZUL http://t.co/JHyHzue6UQ
VirtualInvestorConf.
30 Mar 15 08:04:27
IPOs and Transactions: March 23 – 27 > $ENVA $UNG $USO $AGA $BDX $BKCC $WTI > http://t.co/YwHElykeXT
SiAlpha™
30 Mar 15 08:00:49
Harvest Natural Cash Crisis $HNR $UNG - http://t.co/LjLtJMntXb #Energy #HarvestNatural #Natgas #Petrodelta
Green Rush 14
30 Mar 15 07:44:12
Waiting to see if $UGAZ retests it's low at 2.20. Possible bottom found. $dgaz $ung
Market Trader Daily
30 Mar 15 06:33:09
$UNG 122.46 +4.45 new high
_JamisonG_
30 Mar 15 05:56:57
$NG_F activity boring BUT put:call ratio has rotated to 0.94 as sentiment shifts away from BEARS $UGAZ $UNG $DGAZ(💤)
SmallCaps
30 Mar 15 03:34:04
Tip #4 How to identify a HOT SECTOR? http://t.co/ewe2BDWPGF $UGAZ $JCP $PBYI $UNG $DGLY
Dan G.
29 Mar 15 21:19:21
RT @EvanMedeiros: NEW POST: bulls back against the wall http://t.co/DsF4ZDWyp7 $SPY $IWM $IBB $UNG $TSLA $TWTR
jimenezlaaa
29 Mar 15 20:25:54
RT @_JamisonG_: Couple extra days of cold weather & now Mother Nature takes away $NG_F "shoulder season! Decreasing rig counts! $UNG $UGAZ …
NICK
29 Mar 15 19:43:37
RT @richmisner: #Natgas opens flat, #Oil opens down another 75 cents - WTI back to 47.50? $UNG $USO
_JamisonG_
29 Mar 15 18:46:45
Couple extra days of cold weather & now Mother Nature takes away $NG_F "shoulder season! Decreasing rig counts! $UNG $UGAZ $DGAZ(💤) ➡️↗️⬆️🚀🌛
options loja
29 Mar 15 17:37:50
RT @EvanMedeiros: NEW POST: bulls back against the wall http://t.co/DsF4ZDWyp7 $SPY $IWM $IBB $UNG $TSLA $TWTR
Evan Medeiros
29 Mar 15 17:35:42
NEW POST: bulls back against the wall http://t.co/DsF4ZDWyp7 $SPY $IWM $IBB $UNG $TSLA $TWTR
Lusitanian Traders
29 Mar 15 17:16:21
UNG - Pivots (support and resistance - intraday) $UNG http://t.co/vPki1Ip3dt
IH News Desk
29 Mar 15 15:36:39
$DRN Reviews Updated Sunday, March 29, 2015 6:11:33 PM $T $EWJ $UNG $EWH http://t.co/H8dtRvHAnt
Rich Misner
29 Mar 15 15:20:19
#Natgas opens flat, #Oil opens down another 75 cents - WTI back to 47.50? $UNG $USO
PolgarStocks
29 Mar 15 14:42:07
$LUV Recent News Updated Sunday, March 29, 2015 5:07:17 PM $CEMP $APOL $IMGN $UNG http://t.co/ZXJzKnMb25
tradewithjoe
29 Mar 15 14:08:12
RT @NoanetTrader: "@evanmedeiros: NEW POST: bulls back against the wall http://t.co/Y6h7H4biex $SPY $IWM $IBB $UNG $TSLA $TWTR"
IH News Desk
29 Mar 15 13:35:11
$SOL Opinions Updated Sunday, March 29, 2015 4:11:15 PM $VNQ $UNG $DUST $IBB http://t.co/grQJUdhfy0
NoanetTrader
29 Mar 15 13:03:29
"@evanmedeiros: NEW POST: bulls back against the wall http://t.co/Y6h7H4biex $SPY $IWM $IBB $UNG $TSLA $TWTR"
PolgarStocks
29 Mar 15 12:40:44
$XLI Filings Updated Sunday, March 29, 2015 3:07:18 PM $UNG $SCTY $UGAZ $UNG http://t.co/g9bl3xjc6l
IH News Desk
29 Mar 15 12:34:07
$SCO Recent News Updated Sunday, March 29, 2015 3:11:17 PM $UNG $IYR $LUV $MDY http://t.co/ZJzWEQI8FE
				
				
By  +Follow January 13, 2014 8:46AM
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