United States Natural Gas Fund trades higher Monday as natural gas prices rose amid concerns over U.S. production stagnation and potential disruptions in Canadian supply.
Stocks extended last week's losses on Monday as concerns over the U.S. economy continue to weigh on the market. The Nasdaq 100 saw the steepest declines, with Tesla, Inc. (NASDAQTSLA) and Palantir Technologies, Inc.
The euro was the strongest major currency last week, while the US dollar was the weakest. Volatility increased during this period, as 70% of the most important Forex currency pairs and crosses changed in value by more than 1%.
Natural gas prices recently soared to their highest levels in two years, driven by a combination of extreme weather, record liquefied natural gas exports, and global demand pressures.
Energy sector faces investor scrutiny due to recent developments. ETFs like XLE, VDE, and UNG offer exposure to energy companies amid market uncertainty.
Stock and commodity markets regained some of yesterday's strong losses on hopes that the USA will cut a deal soon with Canada and Mexico on the new tariffs.
The US natural gas prices rose more than 8% to surpass $4.45 per mmbbls/ton, the highest since December 2022, thanks to record LNG exports and higher demand expectations.
U.S. stocks plunged Tuesday as President Donald Trump‘s tariffs on key trade partners came into effect, prompting retaliatory measures and intensifying global trade tensions.
