UNG Catches Fire, Natural Gas Up 7%
As if UNG and natural gas hadn’t already made a splash with their 15% performance last week , the fossil fuel was at it again today. Natural gas futures jumped by about 7.3% on the day, while UNG gained around 6.6%, much to the delight of a number of investors. After slumping for longer than anyone cares to remember, it seems like natural gas is fighting its way to higher prices, however volatile that path may be. Last week’s gains were due to lower stockpiles than expected, but today’s massive jump comes for an entirely different reason [see also 25 Ways To Invest In Natural Gas ]. See the full story here →
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