United States Natural Gas Fund Shares Are Up Today: What's Going On?

United States Natural Gas Fund LP UNG traded higher Monday as natural gas prices rose amid concerns over U.S. production stagnation and potential disruptions in Canadian supply.

What To Know: The broader market remains focused on shifting U.S. trade policy after President Donald Trump delayed tariffs on some Mexican and Canadian goods under the USMCA agreement. While automobiles, beer and certain agricultural products avoided immediate tariffs, Canadian energy exports — including crude oil — remain subject to a 10% tariff.

The policy shift raises concerns about future supply disruptions, particularly in the Northeast, where Canadian crude plays a major role in the energy market.

Markets remained volatile after Trump's initial tariff announcement sent the S&P 500 down 1.7%. Although the tariff delay provides temporary relief, uncertainty remains as the White House indicated tariffs could still take effect on April 2 if further agreements are not reached.

Canadian Prime Minister Justin Trudeau confirmed retaliatory measures will stay in place and Ontario Premier Doug Ford announced a 25% tariff on electricity exports to the U.S., affecting households in Michigan, Minnesota and New York.

UNG Price Action: United States Natural Gas shares closed Monday up 2.76% at $23.83, according to Benzinga Pro.

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