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Crude Oil vs Natural Gas - 10 Year Daily Chart. This interactive chart compares the price performance of West Texas Intermediate (WTI) or Nymex Crude Oil vs the Henry Hub Natural Gas spot price. Backlinks from other sites are the lifeblood of our site and our primary source of new traffic.
Sep 30, 2024 · Basic Info. Crude Oil to Natural Gas Price Ratio is at a current level of 32.57, up from 31.86 the previous market day and up from 26.62 one year ago. This is a change of 2.23% from the previous market day and 22.32% from one year ago. Report.
- Energy
- Energy Information Administration
- Weekly Petroleum Status
- 35.74
- Crude Oil and Natural Gas Historical Prices
- Correlation: Understanding The Numbers
- Fundamentals Behind Changing Correlation
- The Bottom Line
Let's start with the historical price observations for both assets to set the context. Below are charts for the prices of Brent crude oil, which is a type of oil that provides a benchmark for world oil prices and natural gas, respectively. The above charts show that oil and natural gas went primarily sideways or down for the first six months of 201...
In the simplest terms, the correlation between two asset prices is the extent to which price movement in one asset is similar to that of another. A correlation coefficientbetween crude oil and natural gas of 0.25 indicates that a change in the price of oil could account for 25% of the shift in natural gas prices (on average, for the period discusse...
Hydraulic fracturing and horizontal drilling technologies have significantly increased shaleproduction in the U.S., offering possible explanations for the delinking of crude oil and natural gas prices over the past decade. Because natural gas is a regional product, and oil is a global commodity, increased domestic production has driven down the com...
Based on the price patterns observed over the last decade, it is difficult to make the case that there's a correlation between crude oil and natural gas prices. The U.S. is one of the few countries that seem to have a balanced infrastructureand established market for oil and natural gas. However, as the rest of the world markets rely more on oil, t...
This implies that if the market prices of the two fuels were equal based on their energy content, the ratio of crude oil prices to natural gas prices would be approximately 6. As depicted in Figure 2, the ratio averaged 8 from 2000- 2007, then started to increase at the end of 2008 in response to the significant decline of crude oil prices during the recession.
Natural Gas ROC Crude Oil (petroleum) ROC Natural Gas / Crude Oil (petroleum) Price Ratio; Feb 2024: 1.72: 80.55--0.0214: Mar 2024: 1.50: 83.55-12.79%: 3.72%: 0.0180 ...
- 2.335
- 2.147
- 2.278
- 2.191
The statistic shown here uses the front-month futures contract price for CME/NYMEX crude oil at Cushing versus the natural gas price at Henry Hub. This ratio is an excellent indicator of the market dynamics between crude and gas in the U.S. When the ratio is high (the daily ratio hit its all-time high of 53.6X on April 19, 2012), that means ...
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Apr 20, 2011 · The ratio between the spot prices of crude oil and natural gas is a measure of the market's relative valuation of these two fuels. This ratio climbed rapidly in 2009 peaking near 36 on September 4, 2009 and remains very high in comparison to to typical valuations over the past years. In the five years prior to 2009, the ratio averaged about 9.
