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What’s the Outlook for Natural Gas Futures Next Week?

Gordon Kristopher
What’s the Outlook for Natural Gas Futures Next Week?

US natural gas futures decreased 1.6% from April 26 to May 3. Prices decreased due to the larger-than-expected increase in natural gas inventories and mild weather. The United States Natural Gas ETF (UNG) and the First Trust Natural Gas ETF (FCG) decreased ~3.2% and ~3.4%, respectively, from April 26 to May 3. UNG seeks to track active natural gas futures. FCG aims to track the performance of the index of stocks involved in natural gas exploration and production. Cabot Oil & Gas (COG), Chesapeake Energy (CHK), and EQT (EQT), natural-gas-weighted stocks, fell ~1.6%, ~3.3%, and ~5. ...