Gasoline ETF Back on Trend as Supply Glut Concerns Abate
August 17, 2016 at 14:46 PM EDT
After concerns on a supply glut that dragged the energy market into a bear market, gasoline prices are bouncing back, with a related exchange traded fund testing its short-term trend line, in response to new data that showed stockpiles are falling. The United States Gasoline Fund (NYSEArca: UGA) is...