With oil rallying and natural gas continuing to plummet on a daily basis, the ratio of oil to natural gas is at its highest level since at least 1990 at 26.35.
When the line is increasing in the chart below, oil is outperforming natural gas, and as shown, it has been doing that now since the end of 2008.
The ratio is currently in uncharted territory, so who knows when we'll see some reversion to the mean.
