January NYMEX Natural Gas Futures Contract Closed at $4.595 on Wednesday, December 10th

December 11, 2025

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Wednesday, December 10th saw the front-month NYMEX Natural Gas contract open at $4.598, $0.024 above Tuesday’s closing price of $4.574. Trading along either side of $4.620 through 11:00AM, analysts weighed the impending storage release and heating demand against stout storage levels and forecasts for a mid-month thaw. Climbing shortly after midday, prices rose to record the intraday high of $4.696 at 1:10PM. Marking the intraday low of $4.542 forty minutes later, January ultimately closed higher on Wednesday at $4.595.

The EIA Natural Gas Storage Report is due out Thursday at 1030AM. The report is expected to show a 163 BCF withdrawal from storage for the week ended December 5. This compares to a 190 BCF withdrawal this time last year and a five-year average withdrawal amount of 89 BCF.

As of 7:15AM this morning in Globex, WTI Crude was down $0.660; Natural Gas was down $0.126; Heating Oil was up $0.026; and Gasoline was down $0.009.

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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