'Widowmaker' Natural Gas Trade Collapses On Mild Winter Forecast ...Middle East

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Widowmaker Natural Gas Trade Collapses On Mild Winter Forecast
The spread between March and April natural gas futures collapsed to zero on Tuesday. The spread is critical in gauging how tight supplies will be for the North American winter. In one of the earliest collapses to less than zero, for the first time since 2015, this suggests traders are forecasting a mild winter that will dent energy demand.  Bloomberg calls the collapse in the spread the "widowmaker." It's a signal that traders are giving up on hopes of a frigid U.S. winter. "It's a significant event," said Gary Cunningham, a director…

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