January NYMEX Natural Gas Futures Contract Closed at $5.289 on Friday, December 5th

Décembre 8, 2025

Overhead view of scattered black and white newspapers with visible headlines and articles, creating a textured background.

Friday, December 5th saw the front-month NYMEX Natural Gas contract open at $5.270, $0.207 above Thursday’s closing price of $5.063. Marking the intraday low of $5.236 within minutes of the opening bell, the contract then continued the pre-opening rally amidst healthy demand and forecasts calling for frigid month-end temperatures. Surging to $5.496, the highest intraday mark since December 2022, prices pulled back to close out the session. January closed higher on Friday at $5.289; up 9.1% on the week.

The EIA Natural Gas Storage Report published last Thursday posted a 12 BCF withdrawal from storage for the week ended November 28 – below the market estimate of a 16 BCF withdrawal. Total working gas in storage was reported as 3,923 BCF; 0.5% below this time last year and 5.1% above the five-year average.

As of 7:15AM this morning in Globex, WTI Crude was down $0.650; Natural Gas was down $0.244; Heating Oil was down $0.033; and Gasoline was down $0.015.

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.