|Bid||0.00 x 1200|
|Ask||0.00 x 1200|
|Day's Range||23.19 - 23.45|
|52 Week Range||20.40 - 30.88|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.70%|
This week, crude oil (USO) prices increased ~2.6% from last week’s close of $70.70 per barrel to $71.49 per barrel by Thursday. Unleaded gasoline (UGA) and heating oil prices are up ~2.5% and ~2.7% so far this week.
PointLogic, a market intelligence company, estimates that US natural gas consumption increased ~4% to 57.5 Bcf per day on May 10–16. The consumption also increased ~1.2% or by 0.7 Bcf per day YoY.
For the week starting on May 14, crude oil (USO) prices increased ~1.1% or from last week’s close of $70.70 per barrel to $71.49 per barrel by Wednesday. Unleaded gasoline (UGA) and heating oil prices have risen ~2.8% and ~2.1% this week.
High crude oil prices and the improving natural gas pipeline capacity in the US have been driving the rise in natural gas supplies. WTI oil prices have risen ~68.1% since June 21, 2017. The decline in OECD oil inventories, geopolitical tensions, and ongoing production cuts are driving oil prices higher.
On May 17, the EIA released its weekly natural gas storage report. The EIA reported that US natural gas inventories increased by 106 Bcf (billion cubic feet) to 1,538 Bcf on May 4–11—the largest build in US natural gas inventories for this time of the year since 2015. However, the inventories were lower by 821 Bcf or 34.8% year-over-year.
The S&P 500 fell ~0.1% to 2,720.13 on May 17. The rising US ten-year Treasury yield and escalating trade tensions pressured the S&P 500. Five out of the ten key sectors in the S&P 500 declined on May 17. The SPDR S&P 500 ETF (SPY) fell ~0.1% to $272 on May 17. SPY seeks to follow the S&P 500 Index’s performance.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
Genesee & Wyoming (GWR) receives between 60% to 65% of total revenues from its North American operations. The railroad’s North American railcar traffic expanded 4.9% YoY (year-over-year) on a same-railroad basis in April. New railroads added 518 carloads to North American volumes that month.
The S&P 500 rose ~0.4% to 2,722.46 on May 16 partly due to a rise in the materials sector. The small-cap US companies Russell 2000 Index hit a record high of 1,616.4 on May 16. Eight out of ten key sectors in the S&P 500 advanced on May 16.
On May 16, natural gas June futures fell 0.7% and closed at $2.82 per MMBtu (million British thermal unit). However, between May 9 and May 16, natural gas June futures rose 2.8%. In that period, natural gas–tracking ETFs, including the United States Natural Gas ETF (UNG) and the ProShares Ultra Bloomberg Natural Gas ETF (BOIL), rose 2.9% and 5.3%, respectively.
The S&P 500 fell ~0.7% to 2,711.45 on May 15 due to the rise in the ten-year US Treasury yield. The ten-year US Treasury yield is at the highest level since July 2011. The ten key sectors in the S&P 500 declined on May 15.
Last week, Southwestern Energy (SWN) stock rose 8%, from $4.08 on May 7 to $4.42 on May 14. It continued its consolidation around the 50-day moving average. On May 14, SWN moved above its 50-day moving average. Its 50-day and 200-day moving averages that day were $4.33 and $5.12, respectively, and SWN was trading at $4.42.
The AAR (Association of American Railroads) released its weekly rail freight data for 12 major North American railroads on May 9, covering the week ended May 5, or Week 18 of this year. US railroads’ overall rail traffic, including intermodal volumes, grew 7.5%.
The S&P 500 rose ~0.1% to 2,730.13 on May 14 due to the rise in crude oil prices and energy stocks. Four out of the ten key sectors in the S&P 500 rose on May 14.
On May 4–11, the ETFs that track natural gas futures had the following performances: The United States Natural Gas ETF (UNG) rose 3.6%. The ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 6.2%.
On May 4–11, US crude oil June futures rose 1.4%. On May 11, US crude oil June futures settled at $70.7 per barrel—0.9% below the highest closing level for US crude oil active futures in more than three years. On May 10, US crude oil active futures settled at $71.36 per barrel—the highest level since November 26, 2014.
The S&P 500 rose ~0.2% to 2,727.72 on May 11. The bullish momentum in healthcare stocks supported the S&P 500. Five out of the ten key sectors in the S&P 500 advanced on May 11.
US natural gas futures increased 3.2% on May 3–10. Natural gas prices increased due to a lower increase in natural gas inventories. The United States Natural Gas ETF (UNG) and the First Trust Natural Gas ETF (FCG) increased ~3% and ~6%, respectively, on May 3–10. UNG seeks to track active natural gas futures. FCG seeks to track the performance of the index of companies involved in natural gas exploration and production.
On May 10, the EIA released its natural gas storage report. The EIA reported that US natural gas inventories increased by 89 Bcf (billion cubic feet) to 1,432 Bcf on April 27–May 4. However, the inventories dropped by 863 Bcf or 38% from a year ago.
The S&P 500 rose ~0.9% to 2,723.07 on May 10 due to the rise in utilities and technology stocks. All of the key sectors in the S&P 500 advanced on May 10. The SPDR S&P 500 ETF (SPY) rose ~0.9% to $272 on May 10. SPY seeks to follow the S&P 500 Index’s performance.
On May 10, US crude oil June futures rose 0.3% and closed at $71.36 per barrel—the highest closing level in more than 3.5 years. On the same date, the United States Oil ETF (USO) rose 0.3%. On May 3–10, US crude oil June futures rose 4.3%.
The S&P 500 rose ~0.97% to 2,697.79 on May 9 due to higher crude oil prices, which lead to the rise in energy stocks. Nine out of ten key sectors in the S&P 500 advanced on May 9.
The S&P 500 fell ~0.03% to 2,671.92 on May 8 due to a decline in the utility sector. Six out of the ten key sectors in the S&P 500 dropped on May 8.
On May 8, natural gas June 2018 futures closed at a premium of ~$0.19 to June 2019 futures. The difference is called the “futures spread.” On May 1, the futures spread was at a premium of ~$0.20. On May 1–8, natural gas June futures fell 2.5%.