Thursday, August 13, 2009

Natural Gas Sellers Under Watch

UNG - Natural Gas and Oil ETFs Testify at CFTC

US NAT GAS FD ETF

Rochester, NY 8/12/2009 12:47 PM GMT (TransWorldNews)


US NAT GAS FD ETF, UNG

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The two major oil and natural gas-tracking ETFs remain under the microscope this week as the CFTC resumes its investigation about their role in the commodities markets run-up and the role speculators had, if any.

Wednesday, the chief investment officer of the popular United States Oil and the United States Natural Gas Fund will testify at a Commodity Futures Trading Commission hearing as part of the agency’s efforts to curb speculation.

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