Natural Gas Spreads Spark New Amaranth Concern 
June 17 (Bloomberg) -- Trading patterns in natural-gas futures are fanning speculation of a repeat of the collapse four years ago of U.S. hedge fund Amaranth Advisors LLC.
The premium for futures expiring in March 2011 over the April 2011 contract surged to 43.3 cents per million British thermal units June 15 on the New York Mercantile Exchange, the highest level since Feb. 19. The spread was 24.8 cents per million Btu as recently as the end of last week, before jumping more than 50 percent on June 14. The rally came even as U.S. inventories rose to their highest level for this time of year since at least 1993, when the government began collecting data.
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June 17 (Bloomberg) -- Trading patterns in natural-gas futures are fanning speculation of a repeat of the collapse four years ago of U.S. hedge fund Amaranth Advisors LLC.The premium for futures expiring in March 2011 over the April 2011 contract surged to 43.3 cents per million British thermal units June 15 on the New York Mercantile Exchange, the highest level since Feb. 19. The spread was 24.8 cents per million Btu as recently as the end of last week, before jumping more than 50 percent on June 14. The rally came even as U.S. inventories rose to their highest level for this time of year since at least 1993, when the government began collecting data.
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