United States 12 Month Natural Gas Fund, LP Price & Performance (UNL)

U.S. natural gas futures have fallen to their lowest levels in two weeks, influenced by record production and mild weather predictions through early April. These conditions are expected to reduce the demand for gas withdrawals from storage, keeping supply levels stable. This comes as Waha spot prices briefly turned negative.1

Targa Resources has seen its stock price climb by 29% over six months, outpacing the stagnant broader energy sector. The company's strong performance is attributed to its infrastructure expansion, including projects in the Permian Basin and export facilities. Its fee-based revenue model shields it from commodity price swings.2

Asian equities showed mixed results as U.S. President Trump reassured investors about recession fears. While Japan and South Korea's shares rose, Australia's index edged closer to a correction. Persistent inflation and trade tensions remain key concerns, with markets awaiting the U.S. Consumer Price Index report for further insights.3