NYMEX Natural Gas Futures Contract Prices rebounded from Friday and settled up across the board. The prompt month February 2023 NYMEX contract settled +US$0.273/MMBtu at $3.447, and March 2023 to November 2024 settled +0.079 on average. The prompt month traded withing a relatively wide range again of $0.321 between $3.243 and $3.564.

Market Fundamentals Weather has revised to be slightly colder with a storm to approach this Wednesday and Thursday and below normal temperatures beginning in February that could see similar situations as the December cold shot. Freeport LNG also reported that they have asked for FERC permission to begin the process of returning to service. A FERC response has been requested by January 24th, 2023. ~CL

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