February NYMEX Natural Gas Futures Contract Closed at $3.128 on Thursday, January 15th

January 16, 2026

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Thursday, January 15th saw the front-month NYMEX Natural Gas contract open at $3.219, $0.200 below Wednesday’s closing price of $3.120. Trading near the opening mark ahead of the weekly storage publication, prices fell to a three-month intraday low of $3.006 at the report hit the wire. Shaking off the bearish injection ahead of next week’s cool-down, the contract battled higher into the afternoon. Marking the intraday high of $3.160 at 1:30PM, February closed higher on Thursday at $3.128.

The EIA Natural Gas Storage Report published last Thursday posted a 71 BCF withdrawal from storage for the week ended January 9 – below the market estimate of an 89 BCF withdrawal. Total working gas in storage was reported as 3,185 BCF; 1.0% above this time last year and 3.4% above the five-year average.

As of 7:05AM this morning in Globex, WTI Crude was down $2.010; Natural Gas was up $0.061; Heating Oil was down $0.061; and Gasoline down $0.044.

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.

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