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

Daily Market Update February 6, 2017

Early Morning Update

The Mar17 natural gas contract is trading down $0.05 at $3.01.  The Mar17 crude contract is down $0.13 at $53.70.



The current February weather forecast looks to be a copy of January, which registered as the 6th warmest on record since 1950.  As a result, much of the trading focus has shifted towards the shoulder months of springtime.  The March delivery contract opened flat from Friday’s close this morning at $3.06/MMBtu, which is now down 12 cents (4%) since its debut, but is already headed lower and looks to challenge the $3.00 technical support level.  Mild weather has reduced the rate of erosion of natural gas stockpiles, which have flipped to a surplus compared to the five-year average.  For those who are bullish, hope remains for an early February cold injection in the Midwest and Pac-Northwest, potentially bringing end-of-season inventories back below the five year average to a still healthy 1.74-1.8 Tcf.  The lagging fear of next year’s winter has kept 2018 Q1 power prices propped up nationwide, while (outside of New England) the majority of outer calendar strips are within 10% of all-time lows.

Market Update 020617

Market Settles 020317

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.