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Natural Gas ETFs Climb

Natural gas futures and related exchange traded funds surged Monday as prospects of warmer weather ahead helped stoke the flames under this slumping energy segment.

Among the best performing non-leveraged ETFs of Monday, the United States Natural Gas Fund (NYSEArca: UNG) increased 9.8% on over two times its average trading volume while the Nymex natural gas futures were 10.3% higher to $1.70 per million British thermal units. Nevertheless, UNG has plunged 46.3% year-to-date and declined 53.7% over the past year.

U.S. natural gas futures staged a strong rebound on Monday after dipping to its lowest level in over 25 years in the Friday session as warm weather forecasts helped fuel bets of higher electricity demand for cooling in the summer months ahead.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.