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home / news releases / UNL - Natural Gas Hits $5 Despite Bearish EIA Storage Report

UNL - Natural Gas Hits $5 Despite Bearish EIA Storage Report

United States 12 Month Natural Gas Fund
  • EIA reported a bearish storage report today of +52 Bcf, but the market is shrugging it off.
  • EOS increased to 3.49 Tcf and for the week ending 9/10, we have an injection of 79 Bcf.
  • Weather models are showing warmer than normal temperatures in northeast. This will boost CDDs into month-end.
  • Lower 48 production is still off from the highs while demand is recovering.
  • As prices move higher, the market is starting to price in what a cold winter could do to natural gas prices.

For further details see:

Natural Gas Hits $5 Despite Bearish EIA Storage Report
Stock Information
Company Name: United States 12 Month Natural Gas Fund
Stock Symbol: UNL
Market: NYSE
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