United States Natural Gas Fund LP (UNG)

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EIA projects higher natural gas prices and production in 2017

U.S. natural gas prices are expected to rise in 2017 on growing domestic consumption, increased pipeline exports to Mexico, and more exports of liquefied natural gas, the U.S. Energy Information Administration said in its Short-Term Energy Outlook Tuesday.

The agency, part of the federal Department of Energy, predicted the spot price of natural gas will rise to an average of $3.12 per million BTUs next year, up from an average of $2.50 in 2016

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