Gasoline ETF Tumbles 7% | ETF Trends

U.S. Gasoline Fund (NYSEArca: UGA) was down 7% Wednesday as oil and gasoline prices fell sharply after the Energy Department said inventories rose in the latest week while demand weakened.

There were also reports that CME Group and Nymex halted trading in some energy futures markets.

The $180 million U.S. Gasoline Fund is designed to invest in gasoline futures.

Also Wednesday, U.S. Oil Fund (NYSEArca: USO) fell about 4% after the Energy Department report.

U.S. Gasoline Fund


The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.