January 9 – 24 Market Update

NYMEX Natural Gas Futures Contract – Winter 24 contract settled at $2.95 USD/M which is an increase of $0.16 USD/M. Summer 24 settled at $2.866 USD/M which increased by $0.17 USD/M from yesterday.

Market Fundamentals – Today is the first sign of winter and traders are scrambling to fill their short positions. Markets rallied all day at one point up $0.30 over yesterday; a 10% increase. Colder weather is on the forefront resulting in move instability over the next two months. (RS)

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