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Natural Gas: What Does the Futures Spread Indicate?

Robert Scott
Natural Gas: What Does the Futures Spread Indicate?

On December 4, the natural gas futures for January 2019 closed at a premium of ~$1.3 to the January 2020 futures. On November 27, the futures spread was at a premium of $1.2. On November 27–December 4, natural gas January futures rose 3.8%.