Two-Minute Sell-Off in Natural Gas Futures Widens Spreads
Natural gas futures on CME Group plunged in a rapid two-minute sell-off on February 7, 2026, widening bid-ask spreads to more than double typical levels and triggering halts in algorithmic trading across Henry Hub contracts. The abrupt move evaporated liquidity and spurred traders to question automated risk controls.
1. Two-Minute Flash in Gas Futures
On February 7, 2026, natural gas futures on CME Group experienced a sudden two-minute collapse that saw bid-ask spreads more than double their usual range. The spike in volatility paused algorithmic trading across key Henry Hub contracts, drained market liquidity and raised concerns over the effectiveness of existing automated risk controls.