Natural Gas Market Updates

January 16, 2025 – Market Update

Happy Storage Day

The storage report came out in line with expectations, a huge withdrawal of -258 Bcf for the week ending January 10, 2025. Immediately after, the February front month contract’s price dipped down to $4 US/mm, but has since continued this week’s rally and closed at $4.31. The 6-10 day temperature outlook is looking brutally cold, the coldest temperatures yet are expected early next week, freeze-offs are likely, and Monday is a federal holiday for the USA. This combination likely has traders feeling anxious going into the weekend.

NOAA released their outlooks for the rest of January, looks like they’re expecting temperatures to warm up somewhat after this cold shot. We hope so!

6-10 Day Temperature Outlook
8-14 Day Temperature Outlook

NYMEX Natural Gas Front Month

(One Day Delayed)

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