Natural gas price steadies near $4 as UNG stock climbs; traders await fresh U.S. storage data
United States Natural Gas Fund (UNG) rose 1.6% to $13.26 in midday trading Tuesday as February Henry Hub futures held above $4 per mmBtu. U.S. gas storage fell by 166 billion cubic feet to 3,413 bcf for the week ended Dec. 19. Traders await the EIA storage report due Wednesday at noon ET. Leveraged gas ETFs moved sharply, with BOIL up 2% and KOLD down 2%.