Natural gas prices jumped 16% on Dec. 30, driven by new forecasts for a much colder January. To tap this trend, investors could bet on natural gas ETFs that deal directly in the futures market.
U.S. natural gas futures are pulling back Tuesday after reaching a 52-week high on Monday. Trading remains volatile with an Arctic blast forecast to hit the nation in January.
Croft added that Iran has the potential to repeat its playbook from 2019 when it allegedly attacked oil tankers in the Strait of Hormuz, a critical waterway for oil import and export.
In a significant move, the Biden administration has announced a temporary pause on pending decisions of liquefied natural gas (LNG) exports on Friday. The statement from President Joe Biden emphasized the need to scrutinize the impacts of LNG exports on energy costs, America's energy security and the environment.
Natural gas prices have been on the rise this year as cold weather gripped large parts of the United States. To tap this trend, investors could bet on natural gas ETFs that deal directly in the futures market.
U.S. households that primarily use natural gas for heating will spend an average of $931 on heating during the October to March winter season, according to a recent report by the U.S. Energy Information Administration. That’s 28% more than they spent last year.
Natural gas stocks could thrive from the commodity's price elasticity. A few stocks aren't fairly priced by the market and could experience significant upside.
Natural gas futures spiked to a fresh 13-year high on tight supply conditions, adverse weather conditions, and declining inventories. With this, natural gas is up 65% so far this year.
