BUZZ-US natgas stocks rise on higher demand forecasts, rising oil futures
Venture Global VG | 0.00 | |
Sempra SRE | 0.00 | |
NextDecade Corp. NEXT | 0.00 | |
EQT Corporation EQT | 0.00 | |
CNX Resources Corporation CNX | 0.00 |
** Shares of U.S. natural gas companies rise, tracking an uptick in natgas futures NGA/
** Front-month gas futures for August delivery NGc1 on the New York Mercantile Exchange up 1.8% at $2.916 per million British thermal units
** U.S. natgas futures rise supported by robust summer cooling demand and a rally in oil prices, as investors await the U.S. Energy Information Administration's weekly gas storage report due Thursday
** CNX Resources CNX.N up 3.6%, EQT Corp EQT.N gains 7.6%, Energy Transfer ET.N jumps 1.2% and Venture Global VG.N adds 3.5%
** Williams Companies WMB.N rise 1.7%, NextDecade NEXT.O adds 2% and Sempra SRE.N advances 2.5%
** Natgas ETFs also rise, with United States Natural Gas Fund UNG.P up 1.2% and ProShares Ultra Bloomberg Natural Gas BOIL.P up 2.6%