Tag Archives: UNG
Wait, why is oil refusing to follow gas down?
The price of natural gas is in a ten-year trough, with the United States Natural Gas (UNG, quote) exchange traded fund down 62.89% for the last year. Based on the economic principle of substitution, the U.S. Oil ETF (USO, quote) should also fall as the need for crude decreases. Why hasn’t that happened yet?
Time to rethink Gazprom after Polish shale gas evaporates
As traders react to the prospect that Poland may actually have 93% less gas-bearing shale than previously expected, the question is how much “phantom” gas elsewhere in the world needs to be taken out of supply calculations — and how much more seriously Russian gas behemoth Gazprom (OGZPY, quote) needs to be taken as a global competitor.
What to beware of when trading commodity ETFs
Recent action in the commodity markets begs the question of how to play the game and stay in it.
