{"id":46025,"date":"2025-01-16T13:49:46","date_gmt":"2025-01-16T13:49:46","guid":{"rendered":"https:\/\/www.spragueenergy.com\/?p=46025"},"modified":"2025-01-16T13:49:51","modified_gmt":"2025-01-16T13:49:51","slug":"understanding-the-dynamics-of-natural-gas-prices-2","status":"publish","type":"post","link":"https:\/\/www.spragueenergy.com\/fr\/understanding-the-dynamics-of-natural-gas-prices-2\/","title":{"rendered":"February NYMEX Natural Gas Futures Contract Closed at $4.083 on Wednesday, January 15th"},"content":{"rendered":"<p>Wednesday, January 15<sup>th<\/sup> saw the front-month NYMEX Natural Gas Futures Contract open at $4.004, up $0.036 compared to Tuesday\u2019s closing price of $3.968. Spiking to the intraday high of $4.110 by 9:15AM, prices then pulled back to hover near the $4.00 level. With an expected large storage pull, heavy demand, and imminent freeze-offs, the contract traded sideways through midday. Mounting a modest ascent in the afternoon, February closed higher on Wednesday at $4.083.<\/p>\n\n\n\n<p>The EIA Natural Gas Storage Report is due out Thursday at 10:30AM. The report is expected to show a 253 BCF withdrawal from storage for the week ended January 10. This compares to a 267 BCF withdrawal this time last year and a five-year average withdrawal amount of 128 BCF.<\/p>\n\n\n\n<p>As of 7:20AM this morning in Globex, WTI Crude was down $0.700; Natural Gas was up $0.036; Heating Oil was up $0.004, and Gasoline was down $0.017.<\/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>Wednesday, January 15th saw the front-month NYMEX Natural Gas Futures Contract open at $4.004, up $0.036 compared to Tuesday\u2019s closing price of $3.968. Spiking to the intraday high of $4.110 [&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-46025","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 v27.4 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Understanding the Dynamics of Natural Gas Prices - Sprague Energy<\/title>\n<meta name=\"description\" content=\"Get the latest insights on natural gas futures. 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