February NYMEX Natural Gas Futures Contract Closed at $4.283 on Tuesday, January 18th

Market Insights
Natural Gas
January 19, 2022
Tuesday, January 18th – saw the front-month NYMEX Natural Gas Futures Contract open at $4.305, four cents above Friday’s closing price of $4.262. Trading gradually higher in the morning hours to tally an intraday high of $4.358 at 11:30AM, the contract then trended lower. After marking the intraday low of $4.231, prices rallied to finish the day as traders brace for below average temperatures to cover much of the country. February closed higher on Tuesday at $4.283.
The NYMEX Trading Floor was closed Monday, January 17th, 2022, in observance of Dr. Martin Luther King Jr. Day.
The EIA Natural Gas Storage Report is due out on Thursday at 10:30AM. The report is expected to show a 199 BCF withdrawal from storage for the week ended January 14th. This compares to a 187 BCF withdrawal at this time last year and a five-year average withdrawal amount of 167 BCF.
As of 6:45AM EST this morning in Globex, WTI Crude was up $1.17; Natural Gas was down one cent; Heating Oil was up three cents; and Gasoline was up two 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 natgas@spragueenergy.com or call 1-855-466-2842.