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

Daily Market Update December 5, 2017

Early Morning Update

The Jan18 natural gas contract is trading down $0.07 at $2.91.  The Jan18 crude contract is down $0.07 at $57.40.



The January natural gas futures contract settled down 7.6 cents to settle at $2.985/MMBtu on Monday, falling under $3.00 for the first time since trading as the prompt month. Calendar years 2018 through 2020 lost 4-5 cents, while there was minimal movement in calendar years 2021 and beyond.  Frequent forecast changes for the middle of December have been a cause of recent volatility in short-term pricing, and warmer changes on Monday helped prices turn to the downside.  While next week is still expected to bring moderately below-normal temperatures to the eastern half of the country, the severity of the cold was tempered in yesterday’s model updates. Supply remains strong, with production around 5.0 Bcf/day greater than in December 2016. While U.S. demand currently remains in check, the forecasted demand over the next two weeks is expected to increase by nearly 40%, which could bring our strongest storage withdrawals of this winter so far.    


Market Update 120517pdf 

Market Settles 120417

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.