First Trust Natural Gas ETF May Follow Oil's 40% Rally
Brent crude briefly surpassed $100 per barrel and WTI climbed into the mid-$90s, driving both benchmarks up roughly 40% month-to-date through mid-March. Higher oil price floors are reviving inflows into broad energy ETFs, suggesting potential gains for sector-specific funds like First Trust Natural Gas ETF.
1. Crude Oil Benchmarks Rally
Brent crude briefly pushed back above $100 per barrel while West Texas Intermediate climbed into the mid-$90s, marking a roughly 40% month-to-date gain through mid-March. This rapid ascent has shifted market expectations, with previous ceilings around $80 for Brent and $75 for WTI now acting as technical floors.
2. Implications for Energy ETFs
The breakout in broad energy ETFs, following decades of underperformance, has drawn renewed investor attention to sector-specific funds. Natural gas-focused vehicles like First Trust Natural Gas ETF stand to benefit from rising energy prices and potential inflows as the sector resets to a higher price environment.