Natural gas price surge jolts UNG and producers as U.S. cold snaps back into view

U.S. natural gas futures surged Tuesday, ending a weeks-long decline as traders reacted to a chillier late-January forecast and covered shorts. The NYMEX February contract climbed 25.2%, settling at $3.885 per million British thermal units on a delayed quote.

Oil stocks brace for Monday after Trump’s Venezuela push; Exxon calls it “uninvestable”

Oil stocks brace for Monday after Trump’s Venezuela push; Exxon calls it “uninvestable”

U.S. oil stocks showed mixed moves heading into the weekend after executives told President Donald Trump they’d consider returning to Venezuela only if new legal and security assurances are in place. Exxon Mobil rose 1.4%, Chevron climbed 1.8%, while ConocoPhillips dropped 1.2%. Oilfield services players SLB and Halliburton gained roughly 1.8% and 1.4%, respectively. Exxon CEO Darren Woods labeled Venezuela “uninvestable” under current conditions. Chevron Vice Chairman Mark Nelson said the firm could potentially double liftings and boost production by about 50% within 18 to 24 months.
UNG sinks as U.S. natural gas hits fresh low; what to watch before Monday

UNG sinks as U.S. natural gas hits fresh low; what to watch before Monday

The United States Natural Gas Fund slid 7.7% on Friday, closing at $10.40, mirroring a steep decline in front-month NYMEX natural gas prices, which dipped to about $3.141 per million British thermal units, reaching a low of $3.131 during the session. Leveraged ProShares ETFs showed bigger moves: BOIL dropped 13.6%, while its inverse counterpart KOLD jumped 13.9%. Gas producers EQT and Coterra both slipped roughly 2%.
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