Insights & Commentary

The January NYMEX contract is trading near $4.22/MMBtu after a soft storage day, sliding from yesterday’s $4.60 close. Prices were hovering around $4.39 ahead of the EIA release, dropped to roughly $4.30 on the print, and have continued to drift lower as the market gives back more of last week’s weather-led spike.

Analysts see a very wide 135–195 Bcf range for this week’s EIA report with Gelber & Associates landing at a 165 Bcf withdrawal for the week ended December 5.

January NYMEX is trading near $4.93/MMBtu this morning, down a fair margin from Friday’s $5.23 close as futures give back part of their hefty weather-driven gains.

Big moves today in the gas markets as January NYMEX is trading near $5.45/MMBtu this morning, surging from yesterday’s $5.06 close and marking the highest prompt-month print since 2022.

The January NYMEX is trading near $4.95/MMBtu after a choppy storage day. The contract pushed above $5.00 early this morning, then slid toward $4.89 on the EIA print before stabilizing and drifting back to the $4.95 handle, all after yesterday’s $4.99 close.