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.

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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