Notable ETF Movers of the Day 01/31: (USO) (EWT) Higher; (TAN) (UNG) (XME) Lower

FREE Breaking News Alerts from StreetInsider.com!

Overall Analyst Rating:
NEUTRAL (= Flat)

Gainers

United States Oil (NYSE: USO) up 0.03 percent to $38.02. Crude is moving on European Union news today. With the consortium nearing a €500 billion bailout agreement for disctressed sovereign debt issues, some speculate demand for crude oil will increase as the gears in Europe get turning again.

Crude March contracts are $0.22 higher to $99.00 per barrel on the Comex.
iShares MSCI Taiwan Index (NYSE: EWT) up 1.44 percent to $12.70. The KOSPI Composite on the move as a deal in Europe nears. Like crude, many hope demand for consumer electronics will improve with the resolution of debt issues in Europe. Many companies like Samsung and LG would stand to benefit.

Receders

Guggenheim Solar (NYSE: TAN) down 2.25 percent to $3.03. Solars lower on reports that the U.S. might place retroactive tariffs on a recent surge of imports ahead of a new tariff. Leading the ETF lower today is Trina Solar (NYUSE: TSL), which is off about 7.3 percent.
United States Natural Gas (NYSE: UNG) down 4.70 percent to $5.38. Nat gas lower today as mild weather sweeps across much of the Midwest and Eastern U.S., ebbing demand for the commodity to heat homes. March contracts are $0.184 lower to $2.529 per mmBtu on the Comex.
SPDR S&P Metals & Mining (NYSE: XME) down 2.18 percent to $53.75. Metals are a little higher today, but the ETF is seeing some downside from Cloud Peak Energy (NYSE: CLD, which was downgraded at Morgan Stanley from Overweight to Equialweight. Cloud Peak is off about 6 percent today.