Natural Gas Moves Up, Solar ETFs Getting Crushed

Smart Money‘s Rob Wherry is reporting that while oil was dropping below $50 per barrel, natural gas moved higher yesterday on an anticipated rise in demand due to cold weather.

As a result, the United States Natural Gas ETF (UNG) was up 3%. For more on natural gas, see Investing in Natural Gas with ETFs.

The rapid drop in oil prices is hurting solar stocks and solar ETFs. Wherry points out that the Claymore/MAC Global Solar Energy (TAN) and the Market Vectors Solar Energy (KWT) ETFs lost 12.8% and 11%, respectively in yesterday’s trading.

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