25.02.2015 - Natural Gas ETF (UNG) Warms Up on Arctic Chills
The downslide in natural gas prices, which was being noticed for last one year on lower demand and increasing stockpiles, was finally arrested in early 2015 as a severe winter draped almost the entire Northeastern U.S. This cold snap boosted electricity demand across the region putting natural gas in focus. Last year, the Polar Vortex caused natural gas prices to jump over 50%. Investors now expect natural gas prices to repeat history in the wake of a great deal of snow in the eastern U.S. Investors should note that temperatures approached 30 to 40 degrees below average from the Mississippi River to the East Coast last week...............................................Full Article: Source
Print