Will Backwardation Boost UNG?
January 07, 2010 at 10:50 AM EST
In 2009, billions of investor dollars flooded into the United States Natural Gas Fund (UNG) in an attempt to capitalize on an anticipated jump in price as the clean-burning fuel becomes the energy source of the future. Spot gas prices finished the year little changed — down less than 1% — but UNG lost more [...] Related Stories: UNL: A Better Natural Gas ETF Than UNG? Will Exxon/XTO Deal Boost UNG? OPEC Decision Could Boost Crude Oil ETFs
