“If crude prices rise, gas will follow,” Lundberg said, although he added the U.S. has excess refining capacity and that pledges from Saudi Arabia to boost oil output to counter any supply shortfall may have calmed nervous investors, according to the story.
Crude oil futures were trading around $107 a barrel on Monday morning. [Oil ETFs Ride Crude Prices Higher on Supply Concerns]
U.S. Gasoline Fund
