Natural Gas ‘Widowmaker’ Spread Collapses on Mild U.S. Weather
- U.S. gas stockpiles are near normal for this time of year
- Shortages in Europe and Asia haven’t extended to the U.S.
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Bullish bets on U.S. natural gas are collapsing as mild weather erodes the outlook for heating demand and eases fears of shortages this winter.
The popular “widowmaker” spread between March and April futures -- essentially a bet on how tight inventories will be at the end of the northern hemisphere’s winter -- shrank to 22 cents after surging to $1.90 per million British thermal units in early October.