ETF Action: Natural Gas ETFs Lose Fuel

NEW YORK ( TheStreet) -- Consumer non-cyclical ETFs were outperformers on Thursday led by gains in the stocks of Proctor&Gamble

The United States Natural Gas Fund ( UNG) shed 4.8% after data showed natural gas reserves grew more than expected and natural gas prices headed lower in response. The iPath Dow Jones UBS Natural Gas Fund ( GAZ) also lost close to 5%.

Oil headed higher to more than $75 after crude oil inventory data showed inventories declined by 5 million barrels. That helped push the United States Oil Fund ( USO) higher.

Retail ETFs traded flat to marginally lower after the release of June retail sales numbers showed that retailers were resorting to deep discounting to drive sales.

China's move to remove rebates on exports of certain steel products failed to spur steel and industrial metal ETFs, which were trading flat.

-- Reported by Shanthi Venkataraman in New York.

Follow TheStreet.com on Twitter and become a fan on Facebook.

More from ETFs

Podcast: How Exchange Traded Funds Can Obliterate a Stock Sector

Podcast: How Exchange Traded Funds Can Obliterate a Stock Sector

JPMorgan Chase Stock Has Tripled Since TheStreet Ratings Buy Recommendation

JPMorgan Chase Stock Has Tripled Since TheStreet Ratings Buy Recommendation

Video: This Is Why Real Estate Investment Trusts Do Well During Trade Wars

Video: This Is Why Real Estate Investment Trusts Do Well During Trade Wars

Investors Ditch Soybeans With Agricultural ETFs Selloff

Investors Ditch Soybeans With Agricultural ETFs Selloff

Biogen Sparks Hope on Treating Alzheimer's Disease: Everything You Must Know

Biogen Sparks Hope on Treating Alzheimer's Disease: Everything You Must Know