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To: LoneClone who wrote (83281)4/20/2007 8:29:27 AM
From: Ed Ajootian  Read Replies (1) | Respond to of 206326
 
LoneClone, great post & great work, thanks kindly for sharing this info and your thoughts on it. I was not aware of how much USO has deviated from the near-month WTI contract.

I wonder whether UNG will track the HH gas contract more closely than the USO has tracked WTI, since it seems that UNG will only be buying that HH contract vs. buying a basket of oil-related contracts as USO has been doing, if I understand things correctly.

It would be great to have an equity-based surrogate for the natty futures, so that wimps such as myself could make natty price bets without having to invest in futures contracts.