1. Spot natural gas is based on the trend of NYMEX natural gas futures, while spot crude oil is based on the trend of international crude oil futures. The two are essentially the above two products and are in a competitive relationship; as shown in the figure, they are the same The trends in time periods are completely different;

2. Factors that have a greater impact on natural gas trends include: supply and demand relationships, price fluctuations of substitutes (that is, the competitive energy varieties mentioned above), cost factors, etc. , these aspects have a relatively large impact on price trends; of course, natural gas trends in the short term are easily affected by the economic policies and regulations, important data and speeches of natural gas supplying countries.