Exchange traded funds (ETFs) tracking natural-gas futures jumped Thursday after a report showed inventories rose less than expected in the latest week.
U.S. Natural Gas Fund (NYSEArca: UNG) and iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN (NYSEArca: GAZ) both rose more than 2% in afternoon trading.
The Energy Information Administration on Thursday reported natural-gas supplies posted a smaller-than-expected increase.
U.S. Natural Gas Fund
For full disclosure, Tom Lydon’s clients own UNG.
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