February NYMEX Natural Gas Futures Contract Closed at $3.409 on Monday, January 12th

January 13, 2026

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Monday, January 12th saw the front-month NYMEX Natural Gas contract open at $3.211, $0.042 above Friday’s closing price of $3.169. Recording the intraday low of $3.193 within minutes of the opening bell, the contract plodded higher into the morning, taking advantage of the recently discounted prices. Spurred on by the latest short-term forecast, which provided a healthy boost to forecasted HDDs, the contract rose to tally the intraday high of $3.431 at 2:10PM. February closed higher on Monday at $3.409.

The EIA Natural Gas Storage Report published last Thursday posted a 119 BCF withdrawal from storage for the week ended January 2 – greater than the market estimate of a 108 BCF withdrawal. Total working gas in storage was reported as 3,256 BCF; 3.6% below this time last year and 1.0% above the five-year average.

As of 7:15AM this morning in Globex, WTI Crude was up $1.100; Natural Gas was up $0.056; Heating Oil was up $0.043; and Gasoline up $0.018.

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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