This research paper investigates the hedging efficiency between spot and future prices of crude oil and natural gas commodities in the energy category of the commodity market. The study focuses on two major commodity exchanges. the Multi Commodity Exchange of India (MCX) and the New York Mercantile Exchange (NYMEX). which serve as the global benchmarking commodity market. https://countryscenesaddleryandpetsuppliers.shop/product-category/spur/