When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
UNG - March 7 2019 Natural Gas Storage Report: EOS Index Is Still Below 1000 Bcf
United States Natural Gas Fund LP
The Weather
Last week, the number of heating degree-days (HDDs) dropped by 8.6% w-o-w, but was up 44% y-o-y. We estimate that total energy demand (as measured in total degree-days – TDDs) was approximately 40% above last year’s level.
This week, the weather conditions have cooled down significantly across the U.S. An increase in heating demand was especially pronounced in the Southwest and Midwest parts of the country. We estimate that the number of nationwide HDDs will jump by around 24.0% w-o-w in the week ending March 8. Because HDDs are rising from a relatively