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

By  +Follow January 13, 2014 8:46AM
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.


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Results for UNG
Stock Forums
5 May 15 11:00:11
UNG United States Natural Gas Fund Dividend Click Here -> http://t.co/TBnvGrNYyf Trending $UNG $INTC $GGAL $TACO #UNG #finance…
5 May 15 10:55:08
NGD.TO New Gold Inc. Day High Click Here -> http://t.co/QB2oXujuaq Trending $NGD.TO $UNG $JJC $PRE.TO #NGD.TO #stocks #tradeideas
5 May 15 10:53:41
JD http://t.co/zpTP3Kaav0, Inc. % Change Click Here -> http://t.co/u3R8PkdUua Trending $JD $FRO $TZA $UNG #JD #pennystocks…
PennyStock Zone
5 May 15 10:43:58
Tip #4 How to identify a HOT SECTOR? http://t.co/WvpU6eK6oX $UGAZ $JCP $PBYI $UNG $DGLY
5 May 15 10:41:37
Sundays market overview was filled to the brim with winners. $DGLY $OSLH $SLV $USLV $UNG $UGAZ $TSLA $HERO $USO $UWTI http://t.co/Q3HFvNL6U1
5 May 15 10:18:07
Trade: CALENDAR on $UNG: +3 MAY15 14 / -3 JUN15 14 CALLS 0.39 http://t.co/XXzrZIqMrd
5 May 15 10:17:43
$ung jun 15 calls has decnet vol/oi
5 May 15 10:00:07
UNG United States Natural Gas Fund % Change Click Here -> http://t.co/yETjtVho8c Trending $UNG $UNH $GLNG $NOK #UNG #nasdaq #invest
5 May 15 09:59:58
RT @Tischendorf: $NG_F $UNG $UGAZ Bullish monthly hammer reversal candle. #natgas http://t.co/SoLss8Vd9W
5 May 15 09:57:50
@StockProp i sold a nice runup in $UGAZ yesterday...looking at $UNG options now instead..
Deepak K Tiwari
5 May 15 09:52:26
$NG_F Bought small at 2.778. Risky $UGAZ $DGAZ $UNG
5 May 15 09:44:45
eh might have to ditch on $ung .. could be wrong about push higher
Jane Robertson
5 May 15 09:31:29
RT @DallasTexxxas: If you missed our weekly $UNG $UGAZ $DGAZ $KOLD $BOIL & #E&P call you missed out. @CapGainr
5 May 15 09:29:10
$ung looking like its ramping up..
Market Int Center
5 May 15 09:23:42
US Natural Gas $UNG Showing Bullish Technicals With Resistance At $14.17 ( http://t.co/cqvR8FWLky )
5 May 15 09:11:37
got some may 14 $ung calls.. I still like nat gas for now
5 May 15 09:00:07
UNG United States Natural Gas Fund Shares Click Here -> http://t.co/9Wmr5lStBq Trending $UNG $BLV $GLNG $AVP #UNG #stocks #invest
5 May 15 08:58:04
SLV iShares Silver Trust Ask Size Click Here -> http://t.co/JAQC9okAyu Trending $SLV $UNG $FB $JDST #SLV #nasdaq #share
Lucky Jimmy
5 May 15 08:51:06
GOOGL Google Inc. - Class A EOD Data Click Here -> http://t.co/PDZ0i0iV4B Trending $GOOGL $UNG $LC $XIV #GOOGL #finance #stockmarket
5 May 15 08:48:44
Trade: CALENDAR on $UNG: +3 MAY15 14 / -3 JUN15 14 CALLS 0.4 http://t.co/HiEEMWggnZ
5 May 15 08:31:52
$UNG chop city today...
5 May 15 08:25:23
@RedDogT3 Do you see similar candle on $UNG on 4/30?
5 May 15 08:14:08
Commented on StockTwits: I don't short $NG_F $UNG, I have shorted $SPY and $IWM http://t.co/g1UJARmxyn
5 May 15 08:03:06
XLV Health Care Select Sector SPDR Day High Click Here -> http://t.co/74FbQlbVdj Trending $XLV $GDXJ $UNG $MS #XLV #stockmarket…
Stock Forums
5 May 15 08:01:06
UNP Union Pacific Corp. Bid Click Here -> http://t.co/gzGpIxPlwj Trending $UNP $SPXS $JDST $UNG #UNP #finance #finance
Lucky Jimmy
5 May 15 08:01:03
UNG United States Natural Gas Fund 52Wk High Click Here -> http://t.co/8bhJWAyKcu Trending $UNG $HZNP $GILD $TRX #UNG #nasdaq #finance
Cris Harrie
5 May 15 07:55:18
Natural gas futures trade near 6-week high on warm weather outlook http://t.co/tEFBZT6cwx $UNG
5 May 15 07:49:04
DYAX Dyax Corp. Day High Click Here -> http://t.co/PXAMj1g2iG Trending $DYAX $UWTI $UNG $JDST #DYAX #tradeideas #stock
5 May 15 07:47:04
CBI Chicago Bridge & Iron Co. Current Price Click Here -> http://t.co/ukt59NQVrr Trending $CBI $C $UNG $AAPL #CBI #nasdaq #stockmarket
5 May 15 07:45:06
AMZG American Eagle Energy Corp. Yield Click Here -> http://t.co/rRDaR1VpY8 Trending $AMZG $XEG.TO $IEF $UNG #AMZG #nasdaq #invest
CDM Capital, LLC
5 May 15 07:38:46
What does $PXD do right after Einhorn sounds the alarm, cut more costs. http://t.co/ARtwBtz4KO #motherfracker $USO $UNG #Sohn2015 #Sohn
IH News Desk
5 May 15 07:34:22
$UNG Company Info Updated Tuesday, May 5, 2015 10:11:07 AM $BSFT $TWTR $NXPI $ECIG http://t.co/FGoUdwo1mp
Rosner Stocks
5 May 15 07:34:16
$GILD Short Sales Updated Tuesday, May 5, 2015 09:59:24 AM $DXJ $GBGM $UNG $NXPI http://t.co/yHjR4daZj2
Market Realist
5 May 15 07:27:10
Natural Gas Prices Gain Almost 12% in the Last 5 Trading Sessions $CHK $COP $XOM $UNG http://t.co/JcESIr7nxz
Deepak K Tiwari
5 May 15 07:26:06
$NG_F Levels in 1 hour chart. Getting support at lower trend line but could be risky as well. $UGAZ $DGAZ $UNG http://t.co/OkJzdOmLug
Dallas Salazar
5 May 15 07:12:13
Second day of unproductive weather for $UGAZ $UNG Bulls - we'll see if it matters tomorrow $DGAZ $KOLD $BOIL $USO
Deepak K Tiwari
5 May 15 07:09:57
Commented on StockTwits: $NG_F On the downside the level 2.773 is to look for as well. $UGAZ $DGAZ $UNG http://t.co/9LNI3fqCRH
5 May 15 07:06:49
out of $UGAZ position... looking at $UNG options now..
Lucky Jimmy
5 May 15 07:02:58
XLB Materials Select Sector SPDR Quotes Click Here -> http://t.co/81jVOBXEDH Trending $XLB $UNG $INTC $VIMC #XLB #stockmarket #share
Stock Forums
5 May 15 07:01:23
UNG United States Natural Gas Fund E.P.S. Click Here -> http://t.co/GvrOG2QhkY Trending $UNG $UNG $LQD $XBI #UNG #share #invest
Lucky Jimmy
5 May 15 06:59:05
SPXL Direxion Daily S&P 500 Bull 3X Shares Message Board Posts Click Here -> http://t.co/ptLUVJRM3V Trending $SPXL $VXX $XIV $UNG…
Investors Hangout
5 May 15 06:52:39
IBM International Business Machines Ask Click Here -> http://t.co/BI789B4exg Trending $IBM $UNG $ABMD $SDS #IBM #stocks #stock
5 May 15 06:45:58
$UNG Inital rally from low is coming to an end fast. Take at least partial profits. There will be a point of re-entry down the line.
5 May 15 06:25:05
#sentishiftup $FREE $ARWR $NFLX $PFE $MRK $GE $GPRO $NLNK $UGAZ $UNG #sentiquant 20150505 09:25:05:572
RTO Insider
5 May 15 06:24:30
RT @SeekingAlpha: Natural Gas In 6 Months Factoring Seasonality http://t.co/yMACRUpiYH $UNG $GAZ
Jason Olive
5 May 15 06:20:22
RT @SeekingAlpha: Natural Gas In 6 Months Factoring Seasonality http://t.co/yMACRUpiYH $UNG $GAZ
Payam Zamani
5 May 15 06:18:47
RT @SeekingAlpha: Natural Gas Prices Should Heat Up Soon http://t.co/B1wrzlpSrw $UNG $UGAZ $DGAZ $BOIL $GAZ $KOLD $UNL $DCNG
john pagnotta
5 May 15 06:15:28
RT @SeekingAlpha: Natural Gas In 6 Months Factoring Seasonality http://t.co/yMACRUpiYH $UNG $GAZ
Time=Best Stock
5 May 15 06:13:43
RT @SeekingAlpha: Natural Gas In 6 Months Factoring Seasonality http://t.co/yMACRUpiYH $UNG $GAZ
Seeking Alpha
5 May 15 06:10:50
Natural Gas In 6 Months Factoring Seasonality http://t.co/yMACRUpiYH $UNG $GAZ
By  +Follow January 13, 2014 8:46AM



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