Without a substantial increase in supply, natural gas inventory levels could rise to 3.422 trillion cubic feet by late October, or 11% short of last year’s levels for the same period, according to the Energy Information Agency.
Natural gas has been one of the best performing assets this year, with the United States Natural Gas Fund (NYSEArca: UNG) up 29.7% and iPath Dow Jones-UBS Natural Gas Total Return Sub-Index ETN (NYSEArca: GAZ) up 29.8% year-to-date. [Natural Gas: Finally a Winning Bet]
United States Natural Gas Fund
For more information on natural gas, visit our natural gas category.