Natural Gas, UNG Slaughtered by EU Sanctions
October 15, 2012 at 17:09 PM EDT
Natural gas took a major blow in trading today as the fossil fuel lobbed off more than 3.5%. The unexpected drop came as new sanctions from the EU officially banned natural gas imports from Iran. The move comes as European nations are “trying to increase pressure on Iran to cooperate in talks regarding its nuclear program” writes Associated Press . This comes in a long line of efforts by numerous nations to force Iran into cooperation regarding its nuclear program, an issue that the country seems to have no intentions of addressing [for more natural gas news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: Five ETFs to Ride the Natural Gas Rally Natural Gas Gains 20% In 4 Weeks Will Hurricane Isaac Send UNG Soaring? 3 ETFs For The Natural Gas Recovery Which Natural Gas ETF Is Right For You? UNG vs. GASZ vs. GAZ
