The United States Natural Gas Fund (UNG) reiterated its stance last Tuesday that “futures contracts will remain its principal investment,” but left open the possibility that it may be forced to abandon the futures market altogether because of anticipated changes in the regulatory environment from the Commodity Futures Trading Commission (CFTC).
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Potential CFTC Rules May Force UNG to Exit Futures Trading
The United States Natural Gas Fund (UNG) reiterated its stance on Tuesday that “futures contracts will remain its principal investment,” but left open the possibility that it may be forced to abandon the futures market altogether because of anticipated changes in the regulatory environment from the Commodity Futures Trading Commission (CFTC).
October 15, 2009
Futures Test Waters Below $8 Before Settling Just Above
Front-month natural gas futures on Friday traded below $8 for the first time since early February as the September contract recorded a low of $7.960 before rebounding to close at $8.092, down 4.4 cents from Thursday’s finish and 15.6 cents below the previous week’s close.
August 18, 2008
Kerr-McGee Postpones Royalty Lawsuit, Agrees to Mediation
In a startling departure from its hard-line stance, Kerr-McGee Corp. on Friday said it postponed its lawsuit against the Interior Department over royalty relief for deepwater oil and natural gas leases to participate in mediation of the dispute with the agency.
July 5, 2006
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