Long Term Deals: Bad Omen For UNG?
December 30, 2009 at 10:31 AM EST
After sinking steadily for most of the year, the United States Natural Gas Fund (UNG) has staged a remarkable rally in recent weeks, adding more than 15% in the month of December as inventories finally began to dwindle and optimism of a resurgence in demand in the new year mounted. Exxon’s $31 billion dollar purchase [...] Related Stories: UNG Gets The Green Light, But Stays Parked…For Now UNL: A Better Natural Gas ETF Than UNG? CFTC Pushes For Trading Limits: Commodity ETFs In Focus
