20.59 -0.04 (-0.19%)
After hours: 4:00PM EDT
|Bid||19.80 x 100|
|Ask||21.16 x 500|
|Day's Range||20.00 - 22.07|
|52 Week Range||14.60 - 33.88|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.95%|
The stock market across the globe continues to show strong complacency this year amid record levels of corporate debt and a flattening yield curve. The combination of factors including strong corporate earnings, solid momentum in the global economy, booming trade, jump in oil prices and weak dollar are powering the global rally. Trump’s tax overhaul and a spending spree are boosting investors’ confidence in the world’s largest economy while China, the world’s second largest economy, is holding up well.
Hedge funds’ net long positions in US natural gas futures (UGAZ) (UNG) and options contracts were at 5,318 for the week ending January 2, 2018.
On December 21, 2017, natural gas prices closed at the lowest closing level since February 23, 2017. Since that day, natural gas futures have risen 11.1%.
On December 29, the natural gas rig count was 88.7% below its record high of 1,606 in 2008. However, natural gas supplies have risen drastically since 2008.