Thndr Claps » U.S. Claps » Energy 🔋 » UNG ETF flying high 🛢
The ClapThe US Natural Gas Fund (NYSEARCA: UNG) gained 158% so far this year, the sixth best-performing ETF in the US.UNG ETFUNG looks at natural gas futures and earns on collateral securities like cash, T-bills, and money market funds.The DeetsUS natural gas prices spiked up by 150% this year, driven by high demand and scarce inventories. Natural gas prices are almost entirely driven by demand rather than the Fed.ExpectationsGas prices are expected to remain at high levels as the European energy crisis, driven by the Russia-Ukraine war, as well as low storage levels, will continue to have an impact.
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