Direct Energy Business
Market Data For Your Home Contact Us
Market Updates

Daily Market Update April 25, 2017

Early Morning Update

The May17 natural gas contract is trading down $0.01 at $3.06.  The May17 crude contract is down $0.13 at $49.10.


Amid reports of slipping demand and rising rig counts, the May17 natural gas contract lost 3.5 cents on Monday to settle at $3.066/MMBtu. This was the prompt month’s lowest settlement since March 27, and it has shown losses in the last five out of six sessions. The 2018 calendar year moved less than a cent down, to $3.108, and years 2019 through 2023 dropped between one and two cents. These outer years remain trading between $2.90 and $3.00. Total gas demand is down 7.0 Bcf/d this year compared to 2016, led primarily by weather-related residential and commercial demand. Weather reports are predicting above-average temperatures for the eastern portion of the country in the 6-10 day forecast, eliminating any leftover heating demand. In addition to waning res/comm demand, the Baker Hughes natural gas rig count increased by five this week to 167 total in operation for the U.S, pointing to a potential increase in production over the coming summer months. The recent selloff can also possibly be a market correction to the swell in bullish positions that hit 10-year highs during the week of April 18th.

Market Update 042517

Market Settles 042417

Set your ZIP code and utility

Enter a valid ZIP code
Unfortunately, we don't currently service this area. Please try another ZIP code.

Loading please wait...

Don't see your utility?

We currently only provide service to the listed utilities. For question, please contact 1-888-925-9115.