# US Natural Gas Plunges, Unwinds Spike that Blew Up Hedge Fund | Wolf Street

> U.S. natural gas futures fell 7.8% to $3.53/mmBtu after a forecast of warmer-than-normal weather for December 22-26. Prices have dropped 21% since December 10 and about 28% from the November spike. A hedge fund that sold naked options was liquidated after the November spike.

- Date: 2018-12-17 · published 2018-12-17T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/61750-us-natural-gas-plunges-unwinds-spike-that-blew-up-hedge-fund-wolf-street
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Milder weather forecasts reduce near-term heating demand and pull gas prices lower, which eases energy costs for feed and grain processors.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-11-15 | [WTF Just Happened with Natural Gas? \| Wolf Street](https://feedsoft.ai/events/11335-wtf-just-happened-with-natural-gas-wolf-street.md) | +2.7% | -5.3% |
| NATGAS | 2026-02-02 | [US Natural Gas Plunges by Most in About 30 Years on Warm Weather - Bloomberg](https://feedsoft.ai/events/20798-us-natural-gas-plunges-by-most-in-about-30-years-on-warm-weather-bloomberg.md) | -30.8% | -46.8% |
| NATGAS | 2022-10-14 | [Natural Gas Prices Suffer Longest US Losing Streak in 21 Years - Bloomberg](https://feedsoft.ai/events/12788-natural-gas-prices-suffer-longest-us-losing-streak-in-21-years-bloomberg.md) | -19.5% | -15.7% |
| NATGAS | 2017-01-04 | [Crude Oil and Natural Gas Futures Plunge on Tuesday - Oklahoma Energy Today](https://feedsoft.ai/events/11910-crude-oil-and-natural-gas-futures-plunge-on-tuesday-oklahoma-energy-today.md) | -3.7% | -9.2% |
| NATGAS | 2023-11-09 | [Natural Gas Futures Fall as Headwinds Mount and EIA Storage No-Show; Cash Prices Extend Gains](https://feedsoft.ai/events/6388-natural-gas-futures-fall-as-headwinds-mount-and-eia-storage-no-show-cash-prices.md) | +16.5% | +2.3% |

## Sources

- wolfstreet.com: https://wolfstreet.com/2018/12/17/us-natural-gas-plunges-unwinds-spike-that-blew-up-hedge-fund/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.