Natural Gas Market Updates

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…

Natural gas markets edged down today as options expired for the NYMEX front-month (Dec-25) contract. Traders are shifting their liquidity into later months, with the Jan-26 and March-26 contracts now holding the largest open interest. In its penultimate trading day, the front month fell $0.03 USD/MMBtu (0.7%) to settle at $4.549 USD/MMBtu. The remaining winter…

On Friday, traders added a premium to the winter months but kept the summer flat. The NYMEX front month rose $0.11 USD/MMBtu or 2.5% to settle at $4.59 USD/ MMBtu. The winter months (Dec-25 to Mar-26) gained an average of 1.5% compared to the summer contract (Apr-26 to Nov-26) that remained close to neutral. After…

In a bumpy trading session, the NYMEX front month settled $0.08 USD/MMBtu or 1.7% lower at $4.47 USD/MMBtu. The market fluctuated between the -2% and +2% range as traders weighed the start of withdrawal season with a slightly warmer 11-15 day forecast in eastern North America. Small weather changes in the forecast have a much…

Winter is here (in the forecast at least)! Natural gas markets skyrocketed upwards on revisions to the 11–15-day forecast, showing the first significant below normal temperature in the first week of December. The NYMEX front month (December) contract climbed $0.18 USD/MMBtu or 4% to settle at $4.55 USD/MMBtu. The peak winter strip (Dec-25, Jan-26, and…

Natural gas markets whipsawed from losses to gains in another volatile trading session. Markets started the morning continuing yesterday’s downward momentum, reaching as low as $4.23 USD/MMBtu. Driven by a warmer revision to the two-week forecast, the market was trending towards another heavy down day. However, the trend was sharply reversed at noon, with the…