{"id":45908,"date":"2024-12-23T13:47:10","date_gmt":"2024-12-23T13:47:10","guid":{"rendered":"https:\/\/www.spragueenergy.com\/?p=45908"},"modified":"2024-12-23T13:57:39","modified_gmt":"2024-12-23T13:57:39","slug":"understanding-natural-gas-prices-a-market-analysis","status":"publish","type":"post","link":"https:\/\/www.spragueenergy.com\/fr\/understanding-natural-gas-prices-a-market-analysis\/","title":{"rendered":"January NYMEX Natural Gas Futures Contract Closed at $3.748 on Friday, December 20th"},"content":{"rendered":"<p>Friday, December 20<sup>th<\/sup> saw the front-month NYMEX Natural Gas Futures Contract open at $3.628, up $0.044 compared to Thursday\u2019s closing price of $3.584. Pulling back initially to mark the intraday low of $3.554 at 9:35AM, short-covering and forecasts for below average temperatures in early January once again support as the contract mounted a steady ascent. Crossing midday at $3.692, prices rose to tally an 11-month intraday high of $3.828 at 1:25PM. January closed higher on Friday at $3.748.<\/p>\n\n\n\n<p>The Sprague NG Marketwatch will be on hiatus from today (12\/23) until the new year.<\/p>\n\n\n\n<p>The EIA Natural Gas Storage Report published last Thursday showed a 125 BCF withdrawal from storage for the week ended December 13 \u2013 above the market estimate of a 130 BCF withdrawal. Total working gas in storage was reported as 3,622 BCF; 0.6% above this time last year and 3.8% above the five-year average.<\/p>\n\n\n\n<p>As of 8:15AM this morning in Globex, WTI Crude was down $0.340; Natural Gas was up $0.057; Heating Oil was up $0.004, and Gasoline was down $0.004.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>For access to Sprague\u2019s full Natural Gas Market Watch Report including commentary not posted here, please send your request to <a href=\"mailto:natgas@spragueenergy.com\">natgas@spragueenergy.com<\/a> or call 1-855-466-2842<\/p>","protected":false},"excerpt":{"rendered":"<p>Friday, December 20th saw the front-month NYMEX Natural Gas Futures Contract open at $3.628, up $0.044 compared to Thursday\u2019s closing price of $3.584. Pulling back initially to mark the intraday [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":44533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[25,1,24,22],"tags":[],"class_list":["post-45908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-basis","category-market-insights","category-natural-gas","category-nymex"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Understanding Natural Gas Prices: A Market Analysis - Sprague Energy<\/title>\n<meta name=\"description\" content=\"Stay informed about the latest trends in natural gas futures. 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