Natural gas prices spiked today after a government report showed lower than expected inventories of natural gas. Natural gas gained more than 7%, and United States Natural Gas Fund, LP UNG jumped 6.46% to close at $7.75.
Direxion Small Cap Bear 3X Shares (ETF) TZA gained 2.78%, on the weakness of the Russell 2000 Index. Russell 2000 fell 0.87% today.
Grains were trading higher on Thursday, after Strategie Grains slashed its forecast for EU wheat production this year. PowerShares DB Agriculture Double Long ETN DAG gained 5.10% on the news, but it advanced on a light volume.
ProShares UltraShort FTSE/Xinhua China 25 FXP jumped 3.24% on the news that China is slowing down in the second quarter. China Mobile Ltd. (ADR) CHL fell 1.16% today.
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