NatGas 'Widowmaker' Spread Goes Negative As Supply Glut Forms Due To El Nino .....
The Northern Hemisphere winter has been mostly mild so far, driven by a weather phenomenon known as "El Niño." As a result, natural gas futures in the US have plunged to six-month lows on ample supply while the spread between March and April contracts, known as the "Widowmaker" because of its high risk and volatility, has dropped below zero. Bloomberg pointed out, "It's the earliest in the season that the spread — which typically doesn't drop below zero until the end of January or later — has gone negative on a closing basis since 2020."
interesting times ahead .................
NatGas 'Widowmaker' Spread Goes Negative As Supply Glut Forms...
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Last
$7.98 |
Change
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| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$7.98 |
Change
0.140 ( 1.59 %) |
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| Open | High | Low | Volume | ||
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| Last updated 15.59pm 03/05/2024 ? | |||||
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