February 2022 NYMEX Natural Gas Contract Settled at $6.265

The natural gas NYMEX settlement for February 2022 expired last week at $6.265/MMBtu.

This settlement price follows the November 2021 settlement price of $6.202/MMBtu.  The last time we saw prices in this range was between 2003 until 2008.

Weather has been a main driver of this market.  The nor’easter that occurred over the weekend coupled with the upcoming winter storm later this week is raising concerns.  Inflation is also still impacting pricing along with the possible invasion of Ukraine and overseas oil and natural gas supply.  As of this morning at 11:45 am EST, the March 2022 natural gas contract is trading at $4.723/MMBtu.  This is just an example of how significant the natural gas market movement, both up & down, has been over the past few business days.

Muirfield Energy will continue to monitor the energy market.  If you would like to learn more about our energy management products and services, please call our corporate office at 888-370-8898.

By |February 1st, 2022|News|0 Comments