February NYMEX Natural Gas Futures Contract Closed at $6.954 on Tuesday, January 27th

janvier 28, 2026

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Tuesday, January 27th saw the front-month NYMEX Natural Gas contract open at $6.529, $0.271 below Monday’s closing price of $6.800. Trending lower to mark the intraday low of $5.772 at 9:55AM, buyers then entered the market once again as prices rallied into the afternoon. With frigid temperatures forecasted to linger and freeze-offs providing additional volatility, the contract rose to an intraday high of $7.146 at 2:05PM. February closed higher on Tuesday at $6.954.

Ready to assume the front-month position on Thursday, the March contract closed $0.078 lower at $3.820.

The EIA Natural Gas Storage Report is due out Thursday at 10:30AM. The report is expected to show a 230 BCF withdrawal from storage for the week ended January 23. This compares to a 321 BCF withdrawal this time last year and a five-year average withdrawal amount of 208 BCF.

As of 5:55AM this morning in Globex, WTI Crude was down $0.280; Natural Gas was down $0.522; Heating Oil was down $0.054; and Gasoline was down $0.002.

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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