Natural Gas Market Updates

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%.  …

Natural gas markets exploded today, with the NYMEX front month posting midday gains of 8% and threatening the $5.50 USD/MMBtu price threshold. Profit taking in the afternoon returned some earlier gains, but the contract still settled at $5.29 USD/MMBtu, posting a $0.23 USD/MMBtu or 5% increase on the session. The move was disproportionately in the…

A late rally propelled natural gas markets higher after resting in the negatives for most of the trading session. The NYMEX front month rose $0.07 USD/MMBtu or 1.4% to settle at a new three-year high of $5.06 USD/MMBtu. Despite a morning selloff and bearish storage report, markets rebounded in the afternoon as cold weather continues…

US gas futures broke the $5.00 USD/MMBtu barrier today for the first time since 2022. The NYMEX front month rose $0.16 USD/MMBtu or 3.2% to settle at $5.00 USD/MMBtu. The entire curve rose significantly with the calendar strip (Jan-26 to Dec-26) increasing by an average of 3.4%. The movement, unsurprisingly, was driven by forecasts revising…

Natural gas markets were mixed today as the front two months (Jan-26 and Feb-26) dropped, but the next 10 months posted small gains. The NYMEX front month fell $0.08 USD/MMBtu or 1.6% to settle at $4.84 USD/MMBtu. Earlier in the session, the contract reached as high as $4.98 USD/MMBtu before oversupply concerns caused traders to…

Weather models diverged today, causing fluctuations in market sentiment. The European Model (ECMWF) showed signs of warming in the 8-14 day forecast, which caused markets to momentarily drop; however, an afternoon revision to the Global Forecast System Model (GFS) showed colder temperatures in that same period, pushing prices back into the positives. Both models show…

Gas markets rallied today, as the Jan-26 contract became the NYMEX front month. Colder weather forecasts, strong storage withdrawals, and the start of the new contract propelled the front month up $0.08 USD/MMBtu or 1.7% to settle at $4.56 USD/MMBtu. Despite the rollover, the January contract is still trading $0.08 USD/MMBtu below the front month…

The settlement day of any NYMEX contract is typically volatile, with traders shifting capital around, and today proved to be no exception. The Dec-25 contract fell as low as $4.27 USD/MMBtu before climbing back to settle at $4.42 USD/MMBtu, for a $0.13 USD/MMBtu or 2.7% decline from yesterday’s settlement price. The calendar strip (Dec-25 to…