March NYMEX Natural Gas Futures Contract Closed at $3.129 on Tuesday, February 16th

Tuesday, February 16th saw the front-month NYMEX Natural Gas Futures Contract open at $3.128, twenty-one cents above Friday’s closing price of $2.912.  Surging to a three-month intraday high of $3.214 soon after the opening bell, the winter storm plaguing the Midwest has caused spot prices to spike.  While spot prices are influencing the futures contract, traders are also keeping an eye on the latest forecasts for the coming weeks.  Whipsawing through midday to touch an intraday low of $3.012 at 11:20AM, prices recovered aggressively as the session drew on.  The March contract closed higher on Tuesday at $3.129.

As of 7:00AM EST this morning in Globex, WTI Crude was up 63 cents; Natural Gas was down four cents; Heating Oil was up two cents; and Gasoline was up three cents.

Natural Gas Glossary
Natural Gas Supplier
For access to Sprague’s full Natural Gas Market Watch Report including commentary not posted here, please send your request to 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.