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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.

 

Results for UNG
MaryNYC
19 Apr 14 13:43:13
RT @chessNwine: NEW POST: Weekend Video Analysis 04/19/14 http://t.co/qBhqeiHfKh $JO $QQQ $SPY $TLT $UNG
Chess
19 Apr 14 12:47:23
RT @UncleBuccs: Watch & Learn RT @chessNwine: NEW POST: Weekend Video Analysis 04/19/14 http://t.co/lHdxvheESG $JO $QQQ $SPY $TLT $UNG $ST…
Rhino's Glory Hole
19 Apr 14 12:46:27
Watch & Learn RT @chessNwine: NEW POST: Weekend Video Analysis 04/19/14 http://t.co/lHdxvheESG $JO $QQQ $SPY $TLT $UNG $STUDY
iuubob
19 Apr 14 12:40:53
RT @chessNwine: NEW POST: Weekend Video Analysis 04/19/14 http://t.co/qBhqeiHfKh $JO $QQQ $SPY $TLT $UNG
Chess
19 Apr 14 12:30:18
NEW POST: Weekend Video Analysis 04/19/14 http://t.co/qBhqeiHfKh $JO $QQQ $SPY $TLT $UNG
Fredrick
19 Apr 14 06:03:09
RT @OptionsTrader31: $UNG The widow maker starting to rev up again. http://t.co/6FPbOhDAAr
Jimenezlaaa
18 Apr 14 23:27:53
RT @SellPuts: 2.6% is the unemployment rate in North Dakota, lowest in the nation. $USO $UNG.
OTPicks.com
18 Apr 14 14:24:15
http://t.co/QzFp1WC0ss DennyT: MELY OTC Short Report $MELY $ERBB $AVOP $ETEK $UNG: DennyT http://t.co/yucB8GQPQG http://t.co/QzFp1WC0ss
O T P i c k s . com
18 Apr 14 14:24:13
http://t.co/awZxDQ0zpX DennyT: MELY OTC Short Report $MELY $ERBB $AVOP $ETEK $UNG: DennyT http://t.co/IDPYHSt6gP http://t.co/awZxDQ0zpX
OTPicks.com
18 Apr 14 14:24:11
http://t.co/QkCFZ8q0T8 DennyT: MELY OTC Short Report $MELY $ERBB $AVOP $ETEK $UNG: DennyT http://t.co/nlSFpaj9Kl http://t.co/QkCFZ8q0T8
Counter Hedge
18 Apr 14 14:22:35
$UNG a close above 28 would be a signal: http://t.co/TBkJTNnVW5 Some nat gas stocks already noticing this, I believe.
Mr. Cain Thaler
18 Apr 14 14:17:13
RT @SellPuts: Those utilities need to procure and secure 3.1trillion cubic feet is natural gas by November. $ung
☞S.Puts
18 Apr 14 14:13:57
Those utilities need to procure and secure 3.1trillion cubic feet is natural gas by November. $ung
Sam T
18 Apr 14 13:07:35
“@SellPuts: 2.6% is the unemployment rate in North Dakota, lowest in the nation. $USO $UNG.”hoping for above 50 in a little over a week
☞S.Puts
18 Apr 14 13:02:34
2.6% is the unemployment rate in North Dakota, lowest in the nation. $USO $UNG.
VestaTrader
18 Apr 14 12:40:51
Today's Free $UNG Chart: Still in uptrend, so a buy at 26.34 could be a good idea, and then take profit at 27.07 https://t.co/yW84tzVoMj
  The  TURK
18 Apr 14 10:37:01
RT @SeekingAlpha: Natural Gas Rallies As Inventory Deficit Unexpectedly Widens, Confounding Bears http://t.co/kYLoHGxgTe $UNG $DGAZ $UGAZ $…
Derek Pretlow 3rd
18 Apr 14 10:19:11
RT @ClayTrader25: Live Stock Trading - How Charts Eliminate Emotions - watch live trade video here: http://t.co/SIz8BBgPIp $FB $TWTR $UNG $…
lookn4wins
18 Apr 14 09:39:10
$PPH Stock Chart $PPH Most recent stock chart and technical analysis. $MINE $PFE $UNG $SHLD $WYNN $USO http:// http://t.co/lpJMt8YeEt
JoeDDSpencer
18 Apr 14 08:57:06
$UNG Ukraine Tensions May Benefit Commodities Bulls http://t.co/shR9plkxU2
DennyT
18 Apr 14 08:38:38
UNG Short Sales $UNG $VWO $YGE $VMW $IBB Buy or Sell Opinion,200 Simple Moving Average,Stock,News,Making Some http://t.co/Nk9MP5TYeF
ur-trading
18 Apr 14 08:14:10
#Recomendacciones Próxima Semana: $UNG / #GAS natural / @jonpiras @swingtraderscol @sanpinocho http://t.co/tlk6Glmcsv
ETF.com
18 Apr 14 07:37:20
RT @HAInvestor: Week In Review: Soybeans Surge; NatGas Hits 2-Month High; Precious Metals Sink As Stocks Rebound $UNG $GLD $SLV http://t.co…
chartguy89
18 Apr 14 07:28:00
UNG Stock Chart $UNG $GM $TNA $LNKD http://t.co/0OaLVPfUnE http://t.co/0mqSE60iLL
Hard Assets Investor
18 Apr 14 07:24:34
Week In Review: Soybeans Surge; NatGas Hits 2-Month High; Precious Metals Sink As Stocks Rebound $UNG $GLD $SLV http://t.co/8Q060ZMXRZ
Hard Assets Investor
18 Apr 14 07:24:02
2014 NatGas Rallies As Inventory Deficit Unexpectedly Widens, Confounding Bears $UNG http://t.co/E7VB4JUMZo
lookn4wins
18 Apr 14 07:18:51
$ARIA 50 Simple Moving Average $ARIA Most recent stock chart and technical analysis. $FXE $GTAT $UNG $TZA $UVX http://t.co/pnFxKdmXxT
chartguy89
18 Apr 14 06:27:07
UNG 26.30 Stock Charts $UNG United States Natural Gas Fund L.P. (NAR) UNG Stock Chart - 1 Month http://bigchar http://t.co/x3Klu6L50k
JoeDDSpencer
18 Apr 14 04:48:04
$UNG [video] Commodities tomorrow: Gold under $1,300 http://t.co/N8jh4UaUD9
JoeDDSpencer
18 Apr 14 03:19:04
$UNG Natural Gas Rallies As Inventory Deficit Unexpectedly Widens, Confounding Bears http://t.co/0UYGHOjKah
OTPicks.com
17 Apr 14 23:55:13
http://t.co/QzFp1WC0ss danrocks: $NBG Is this one to watch? $GOGO $SLV $UNG $TAN $E: danrocks http://t.co/PCgMMQXn6m http://t.co/QzFp1WC0ss
OTPicks.com
17 Apr 14 23:55:10
http://t.co/QkCFZ8q0T8 danrocks: $NBG Is this one to watch? $GOGO $SLV $UNG $TAN $E: danrocks http://t.co/FiWCmWB9B0 http://t.co/QkCFZ8q0T8
O T P i c k s . com
17 Apr 14 23:55:08
http://t.co/awZxDQ0zpX danrocks: $NBG Is this one to watch? $GOGO $SLV $UNG $TAN $E: danrocks http://t.co/MjRg6URKiW http://t.co/awZxDQ0zpX
Mike McDermott
17 Apr 14 18:18:13
Mercenary Links April 17th: Ramping Up http://t.co/hScY7wRS6T $GS $MS $CMG $HD $FED $UNG
Mark Yusko
17 Apr 14 18:01:19
RT @SeekingAlpha: Natural Gas Rallies As Inventory Deficit Unexpectedly Widens, Confounding Bears http://t.co/kYLoHGxgTe $UNG $DGAZ $UGAZ $…
TradingMyway
17 Apr 14 16:55:00
RT @SeekingAlpha: Natural Gas Rallies As Inventory Deficit Unexpectedly Widens, Confounding Bears http://t.co/kYLoHGxgTe $UNG $DGAZ $UGAZ $…
Bob Edney
17 Apr 14 16:49:43
RT @SeekingAlpha: Natural Gas Rallies As Inventory Deficit Unexpectedly Widens, Confounding Bears http://t.co/kYLoHGxgTe $UNG $DGAZ $UGAZ $…
Ike Startup
17 Apr 14 16:08:59
$ugaz sold 20% size into today's strength, looking for continuation of break out on 20 year lows (storage) in $ung
Michael Tenney
17 Apr 14 16:07:31
RT @ClayTrader25: Live Stock Trading - How Charts Eliminate Emotions - watch live trade video here: http://t.co/SIz8BBgPIp $FB $TWTR $UNG $…
Philipp Tresch
17 Apr 14 16:01:30
RT @SeekingAlpha: Natural Gas Rallies As Inventory Deficit Unexpectedly Widens, Confounding Bears http://t.co/kYLoHGxgTe $UNG $DGAZ $UGAZ $…
todd reehling
17 Apr 14 15:33:36
RT @SeekingAlpha: Natural Gas Rallies As Inventory Deficit Unexpectedly Widens, Confounding Bears http://t.co/kYLoHGxgTe $UNG $DGAZ $UGAZ $…
Matt
17 Apr 14 15:27:11
#FVAM Fund : Out of $UNG short for Loss, about 1%:Book; Right on Natty, Wrong on ETF #lesson - Put exp started on 2/18, ddown 2/24,no follow
Seeking Alpha
17 Apr 14 15:24:28
Natural Gas Rallies As Inventory Deficit Unexpectedly Widens, Confounding Bears http://t.co/kYLoHGxgTe $UNG $DGAZ $UGAZ $BOIL $GAZ $KOLD
leopardtrader
17 Apr 14 15:17:38
Why I am bearish Gold despite recent Ukraine risk flows http://t.co/FvVJcYQn8i $GLD $SPY $TLT $EURUSD $UNG
HIX
17 Apr 14 15:09:11
RT @ClayTrader25: Live Stock Trading - How Charts Eliminate Emotions - watch live trade video here: http://t.co/SIz8BBgPIp $FB $TWTR $UNG $…
ClayTrader
17 Apr 14 15:02:07
Live Stock Trading - How Charts Eliminate Emotions - watch live trade video here: http://t.co/SIz8BBgPIp $FB $TWTR $UNG $SPY $QQQ $SD $SCSS
Mercenary Research
17 Apr 14 14:59:28
Mercenary Links April 17th: Ramping Up http://t.co/13FrzfNPby $GS $MS $CMG $HD $FED $UNG
immoderacyf
17 Apr 14 13:37:13
$UNG New Source for Fracking Sand http://t.co/21jEbyTaqH
Green to Gold Group
17 Apr 14 13:29:03
ALERT $EPB El Paso Pipeline Partners RETESTED GAP DOWN DAY from 1/29/2014 >> $KMI $SPY $SPX $CL_F $USO $OIL $UNG http://t.co/HFyAm2sJQt
Market Trader Daily
17 Apr 14 13:02:37
Apr 17-2014 Thr Mkt Close $DJI 16410.08 (-14.77) $SPX 1864.90 +2.59 $NAS 4095.51 +9.29 $RSX 24.06 $FVX 17.31 $UNG 26.31 $VIX 13.43 Easter
				
				
By  +Follow January 13, 2014 8:46AM
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