By: ETF Trends
January 28, 2013 at 10:41 AM EST
Natural Gas ETF Tumbles 4% on Warmer Weather Forecasts
U.S. Natural Gas Fund (NYSEArca: UNG) fell 4% in the first hour of U.S. trading Monday on predictions weather in the U.S. will heat up and curb demand for the commodity. Natural gas futures dropped to a two-week low on revised forecasts for mild mid-February weather, Bloomberg News reports. Weather...
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