← Browse all charts Which side is leading: Oil or Natural Gas?

Oil / Natural Gas Ratio

33.01 -3.21% close-to-close +111.9% YTD Close of Oct 20, 2026

A rising line means Oil is outperforming Natural Gas; a falling line means leadership is shifting the other way.

Daily · through Oct 20, 2026
Data & methodology
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Older events · Members

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The latest values and a keyboard-readable date table are below the chart. CSV and JSON downloads are for NASDUCK paid members.

Use Price for the raw chart and % from view start when you want to compare the move across any chosen window. In percent mode, the first visible session becomes 0% and the scale stays linear. Log is available only when every loaded price is positive. Tip: drag to pan, scroll or pinch to zoom, and use Reset view to snap back quickly.

Dates & readable data

Raw values in the selected chart window

Selected historical events

Curated anchors for market context, rather than a complete news feed. Toggle markers above to place them on the chart.

Jul 11, 2008 Oil peaks at $147 a barrel
Sep 15, 2008 Lehman Brothers files for bankruptcy as the financial crisis peaks
Nov 28, 2014 OPEC refuses to cut output and oil's slide accelerates
Mar 16, 2020 COVID panic across global markets
Apr 20, 2020 WTI oil futures settle below zero for the first time
Feb 24, 2022 Russia invades Ukraine
Mar 16, 2022 Fed starts its fastest hiking cycle in four decades
Sep 18, 2024 Fed starts cutting with a half-point move
Apr 3, 2025 Liberation Day tariffs trigger a global crash; the April 9 pause sparks a record rebound
Feb 28, 2026 US and Israel strike Iran; Hormuz traffic halts and oil has its biggest month since 1988
Apr 8, 2026 US-Iran ceasefire sends oil sharply lower

How To Read It

  • A rising line means Oil is outperforming Natural Gas; a falling line means Natural Gas is taking the lead.
  • Use shorter windows for tactical leadership changes and longer windows for regime shifts.
  • The most important reversals are the ones that break a long trend, not just a single volatile day.
Next step Charts show what moved. NASDUCK asks why.

Rates, the dollar, oil and gold all end up in the Nasdaq-100 eventually. NASDUCK follows that trail once a week and keeps score on its own calls.