Natural gas futures
In contrast, the E-Mini S&P 500 (SPY) December futures contracts fell 0.24% to 2,495 in electronic trading at 2:05 AM EST on September 22, 2017.
US natural gas prices have risen ~5.4% since August 4, 2017. However, they have fallen 17.11% year-to-date. Volatility in natural gas prices impacts energy ETFs (RYE) (XLE) (VDE) and natural gas producers’ earnings like Rice Energy (RICE), EQT (EQT), WPX Energy (WPX), and Rex Energy (REXX).
The western parts of the US might experience cooler-than-average temperatures next week. These regions might get rain and snow.
It could rain in the northeastern parts of the US. The southern and east-central parts of the US could have mild weather. Overall, the weather is expected to be cooler than average for the next few weeks.
More than 50% of US households use natural gas for heating and cooling purposes. Cooler-than-average temperatures could lead to a rise in natural gas demand. A rise in demand could support US natural gas (DGAZ) (UGAZ) (BOIL) prices.
Changes in the weather and demand impact US natural gas inventories.