Market questions UNG's influence


The net asset value of the UNG rose in three months from $727 million to over $4.5 billion in July, while the price of natural gas in the US rose by 19% during the same period, fuelling claims that the fund is moving prices. The fund reportedly represents 30% of the prompt-month Nymex contract volume. "When one player has 30% it is a gorilla in the marketplace and it has an impact on price," says Paul Cicio, president of Industrial Energy Consumers of America. "Funds like this do not belong on t

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: