Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Hellomoney15]

EIA Today in Energy April 25, 2017:Ohio and Pennsylvania increased natural gas production more than other states in 2016. EIA's Short-Term Energy Outlook projects that natural gas production will increase in both 2017 and 2018 as natural gas prices rise, resulting in higher rig activity. Spot natural gas prices at the Henry Hub, a natural gas market benchmark, fell from $2.63 per million British thermal units (MMBtu) in 2015 to $2.51/MMBtu in 2016. Henry Hub prices are expected to increase to an annual average of $3.10/MMBtu in 2017 and $3.45/MMBtu in 2018. These price increases reflect the expectation of increased natural gas consumption, increased exports, and lower average inventory levels.