Tag: Devon Energy

What Could Bring UNG and Natural Gas Down?

The price of natural gas and United States Natural Gas (UNG) rallied, despite the higher than normal injection to storage during last week. Moreover, during the past four weeks, the injections to storage were 24% higher than the 5-year average.…

What Is Keeping the Price of Natural Gas High?

Last week’s injection to storage was higher than the five year average. This development, however, didn’t stop the price of natural gas and United States Natural Gas (UNG) to recover during last week. Will the ongoing higher than normal injections…

Is the Natural Gas Market Bound to Cool Down?

The price of natural gas slightly rose during last week. United States Natural Gas (UNG) also increased last week. Based on the recent U.S Energy Information Administration weekly update, the latest weekly natural gas injection was well above the five…