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ETF Trends reported that although the United States Natural Gas Fund LP (ARCA:UNG) has dropped 10.4 percent since midway through the summer, a cold winter could result in increased demand for the fuel.
ETF Trends reported that although the United States Natural Gas Fund LP (ARCA:UNG) has dropped 10.4 percent since midway through the summer, a cold winter could result in increased demand for the fuel.
As quoted in the market news:
Some observers argue that the amount of snow covering Eurasia in October could indicate how much icy air will blow down from the Arctic to North America in December and January, reports Brian K. Sullivan for Bloomberg.
According to the National Climatic Data Center, a similar pattern during the Northern Hemisphere winter helped pushed down temperatures over the first three months of the year to their coldest across the 48 contiguous states since 1985.