Cheered on by storage uncertainty heading into the Christmas holiday weekend and the January contract’s Monday expiration, bulls took the reins Tuesday, delivering a sharp rally in natural gas futures.

Line chart showing NGI’s Henry Hub Midday Alert natural gas price from late December 2024 to late December 2025, with prices in $/MMBtu spiking near $10/MMBtu in January 2025, remaining mostly between $2.50-$4.00/MMBtu through summer, then rising above $5/MMBtu in November before easing in December. Source: NGI’s Midday Price Alert.

Expand

Here’s the latest:

January Nymex futures 40.9 cents higher to $4.374/MMBtu as of 2:29 p.m. ET