Natural Gas Market Updates

Huge rally in NYMEX prices today, the January contract ultimately settling 11% up to $4.49 US/MMBtu, and other months across the curve seeing big gains as well. The big noise in the marketplace is that there are some big short term revisions in the various weather models that show a much higher likelihood of colder-than…

A bit of volatility in today’s NYMEX activity as traders begin to wrap up the positions in time for the holidays. After being up about 10 cents across the curve this morning, we ultimately settled down about 10 cents. Not much of a move in the front month, but February 2026 settled down 9 cents…

Yesterday’s NYMEX ended up settling to a seven-week low of $3.908 US/MM, which coincides with the strong storage report, forecasts for milder weather and lower demand over the next two weeks than previously expected, and near-record production. This is the second consecutive week of drops we have seen, with this week dropping 6% after dropping…

The NYMEX opened this morning at $4.024 US/MM, rebounding from the lows we saw earlier this week. As of this morning the NYMEX is up 3%, on strong continued LNG export flows and ahead of the weekly storage report. In more interesting news, today is storage day! Reuters forecasted a withdrawal of -169 Bcf over…

We saw yesterday’s NYMEX close at $3.886 US/MM, yet another drop over 10¢ and falling below that $4 US/MM threshold, however this may be the lowest we see the NYMEX settle at. Natural gas has rebounded due to near-record gas flows to LNG export plants, boosting futures up 3.2% as of this morning, and is…

Yesterday’s NYMEX front month settled at $4.012 US/MM, showing another dip in price to the tune of roughly ~2.4%. The fundamentals have remained bearish for numerous reasons: milder weather, record production levels, above average storage and lastly peace talks between Russia and Ukraine have resumed. This could possibly result in the lifting of sanctions against…

The bears are out as today’s front month opens at $4.113 US/MM, dropping well over 11¢ over the weekend. This is not just seen in the front month, as far as a year out to January 2027 there are drops over 10¢ across the board. Weather is forecasted to be above average in the lower…

Despite yesterday’s significant storage withdrawal, buyers must be pleased to see NYMEX futures continue to fall another -3.3% over the next 12 months. Interestingly, the bulk of this move was not in the front month, but further out (especially March, April, and May), suggesting that the market is surer of the direction it has taken…

After a day of reprieve yesterday, natural gas markets continued their plunge, falling to a 5-week low today. The NYMEX front month fell $0.36 USD/MMBtu (8%) to settle at $4.23 USD/MMBtu. The drop was concentrated in the front two months with the calendar strip (Jan-26 to Dec-26) only falling 3%. The substantial price drop came…

Natural gas markets finally gave reprieve to traders after three consecutive sessions of over 5% price swings. The NYMEX front month settled at $4.60 USD/MMBtu, posting a small $0.02 USD/MMBtu or 0.5% gain on the session. The contract fell $0.72 USD/MMBtu or 13.5% over the last two sessions and is nearing the one-month low of…

Further warming in the forecast sees the market correction continue today. The NYMEX front month dropped $0.27 USD/MMBtu (-5.6%) to $4.63 USD/MMBtu. This follows yesterday’s drop of $0.38 USD/MMBtu. The calendar strip (Jan-26 to Dec-26) fell an average of $0.12 USD/MMBtu. Despite the weather forecasts projecting warmth two weeks from now, it is important to…

Warmer weather in the two-week forecast more than erased last Friday’s significant gains and represents the largest drop in 10 months. The NYMEX front month fell $0.38 USD/MMBtu or 7.1% to settle at $4.91 USD/MMBtu. The downward movement hit the entire curve, with the calendar strip (Jan-26 to Dec-26) dropping an average of 6.1%.  …