Natural Gas At A 7 Year Low

I bought 200 shares of the United States Natural Gas ETF (UNG) @ $15.15 per share on Friday. This ETF mimics the price of natural gas futures contracts. With natural gas trading at a 7 year low and UNG hitting its 52 week low on Friday I figured that it was worth a shot. Natural gas traded as low as $3.63 per 1,000 cubic feet. It hasn’t been this low since the fall of 2002. Natural gas, coal and oil currently account for approximately 80% of the United States energy needs. Natural gas is a nonrenewable resource and prices are expected to increase in the future.