February 14, 2023
Monday, February 13
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.441, seven cents below Friday’s closing price of $2.514. Trading along either side of $2.450 for the majority of the morning hours, traders had the pleasure of weighing bearish fundamentals against the possibility of the Freeport LNG terminal returning to operate at full capacity. Climbing to the intraday high of $2.529 ahead of midday, prices then cascaded lower to tally the intraday low of $2.376 at 2:00PM. March closed lower on Monday at $2.405.
As of 7:00AM EST this morning in Globex, WTI Crude was down $1.15; Natural Gas was up ten cents; Heating Oil was up two cents; and Gasoline was down two cents.
For access to Sprague’s full Natural Gas Market Watch Report including commentary not posted here, please send your request to
natgas@spragueenergy.com or call 1-855-466-2842.
This market update is provided for information purposes only and is not intended as advice on any transaction nor is it a solicitation to buy or sell commodities. Sprague makes no representations or warranties with respect to the contents of such news, including, without limitation, its accuracy and completeness, and Sprague shall not be responsible for the consequence of reliance upon any opinions, statements, projections and analyses presented herein or for any omission or error in fact. The views expressed in this material are through the period as of the date of this report and are subject to change based on market and other conditions. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance or results and actual results or developments may differ materially from those projected. The whole or any part of this work may not be reproduced, copied, or transmitted or any of its contents disclosed to third parties without Sprague’s express written consent.