ProShares Ultra Bloomberg Natural Gas

Wall Street was upbeat last week.

Wall Street was upbeat last week. The rally came after the release of weaker-than-expected inflation data, which raised hopes of a sooner-than-expected Fed rate cut.

In a significant development in the energy sector, Iraq is set to reactivate a previously dormant pipeline to Turkey, which could substantially impact regional oil exports and negotiations. What Happened: Iraq is reviving a pipeline to Turkey, potentially exporting 350,000 barrels per day by month’s end, Reuters reported on Sunday. This move co...

Amid rising tensions in the Middle East, Helima Croft predicts “serious Iranian retaliation” that could lead to broader regional conflict. What Happened: On Thursday, Croft, an analyst at RBC Capital Markets, expressed concerns over the potential repercussions of the recent escalation in the Middle East. During CNBC “Last Call,” Croft war...

Natural gas prices surged on Monday after EQT Corporation (NYSE:EQT), the largest U.S. producer, announced it was cutting output in response to low prices. U.S. natural gas futures jumped 5.6% to $1.938, while exchange traded funds that track gas prices were also higher. The United States Natural Gas Fund (NYSE:UNG) was up 6% in pre-market trade ...