March NYMEX Natural Gas Futures Contract Closed at $3.047 on Friday, February 20th

February 23, 2026

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Friday, February 20th saw the front-month NYMEX Natural Gas contract open at $3.006, $0.010 above Thursday’s closing price 2.996. Trading within a tight band near $3.010 heading into 10:30AM, prices briefly dipped to the intraday low of $2.979 at 10:35AM. Buoyed by bullish revisions to the latest forecasts ahead of the weekend, the contract rallied to attain an intraday high of $3.155 at 12:25PM. Losing momentum to finish the day, March closed higher on Friday at $3.047; down 6% on the week.

The EIA Natural Gas Storage Report published last Thursday posted a 144 BCF withdrawal from storage for the week ended February 13 – below the market estimate of a 150 BCF withdrawal. Total working gas in storage was reported as 2,070 BCF; 2.8% below this time last year and 5.6% below the five-year average.

As of 8:40AM this morning in Globex, WTI Crude was up $0.100; Natural Gas was up $0.042 Heating Oil was up $0.052; and Gasoline was down $0.008.

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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