January NYMEX Natural Gas Futures Contract Closed at $6.587 on Monday, December 12th

Market Insights
Natural Gas
December 13, 2022
Monday, December 12th saw the January NYMEX Natural Gas Futures Contract open at $6.874, nearly sixty-three cents above Friday’s closing price of $6.245. Moving higher prior to the open and recording a near two-week intraday high of $6.934 out of the gate, weekend forecasts all but solidified the end of month bullish forecasts while adding the possibility of frigid air moving in from Canada. Pulling back as the day drew on, crossing midday at $6.848 and marking the intraday low of $6.521 at 2:15PM, January closed higher on Monday at $6.587.

As of 7:10AM EST this morning in Globex, WTI Crude was up 19 cents; Natural Gas was up 17 cents; Heating Oil was up three cents; and Gasoline was up one cent.

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.