# Spread between US oil and natural gas hits 20-month high - The Business Times

> The spread between US crude and natural gas reached a 20-month high of about 25:1 after US crude rebounded 88% from a February 13-year low to above $49 a barrel. US natural gas futures stayed near $2 per MMBtu. Drillers may shift toward oil and NGLs as the ratio widens.

- Date: 2016-05-25 · published 2016-05-25T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/7639-spread-between-us-oil-and-natural-gas-hits-20-month-high-the-business-times
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A wide oil-to-gas ratio encourages oil-directed drilling, which can later affect associated gas supply, while crude strength supports energy-wide prices.

## Read by commodity

- WTI: bullish ▲
- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-07-28 | [C$ steadies, after hitting 1-month low on better-than-expected US data - The Business Times](https://feedsoft.ai/events/58338-c-steadies-after-hitting-1-month-low-on-better-than-expected-us-data-the.md) | -0.8% | -3.5% |
| WTI | 2026-09-28 | [Asian currencies: Thai baht hits two-month low as oil prices surge - Markets - Business Recorder](https://feedsoft.ai/events/17732-asian-currencies-thai-baht-hits-two-month-low-as-oil-prices-surge-markets.md) | +9.1% | +18.9% |
| WTI | 2023-01-26 | [Canadian dollar notches two-month high as stocks climb - Markets - Business Recorder](https://feedsoft.ai/events/38036-canadian-dollar-notches-two-month-high-as-stocks-climb-markets-business-recorder.md) | -4.4% | -5.8% |
| WTI | 2016-11-30 | [Seoul: Won down at 1-week low as US dollar jumps after Opec deal; stocks up - The Business Times](https://feedsoft.ai/events/74046-seoul-won-down-at-1-week-low-as-us-dollar-jumps-after-opec-deal-stocks-up-the.md) | +12.5% | +19.3% |
| WTI | 2026-04-27 | [Thai baht war losses set to deepen on oil shock, strategists say - The Business Times](https://feedsoft.ai/events/19985-thai-baht-war-losses-set-to-deepen-on-oil-shock-strategists-say-the-business.md) | +7.4% | +2.1% |
| NATGAS | 2018-02-02 | [Relationship between Nitrogen and Natural Gas](https://feedsoft.ai/events/66811-relationship-between-nitrogen-and-natural-gas.md) | -8.0% | -9.3% |
| NATGAS | 2026-10-01 | [The High-Stakes Gamble Playing Out in the Natural-Gas Market](https://feedsoft.ai/events/17650-the-high-stakes-gamble-playing-out-in-the-natural-gas-market.md) | +5.2% | -7.8% |
| NATGAS | 2023-03-22 | [U.S. Natural Gas Demand Exceeds Supply As LNG Exports Jump \| OilPrice.com](https://feedsoft.ai/events/37039-u-s-natural-gas-demand-exceeds-supply-as-lng-exports-jump-oilprice-com.md) | -4.9% | +3.9% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/spread-between-us-oil-and-natural-gas-hits-20-month-high

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