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

Daily Market Update November 27, 2017

Early Morning Update

The Dec17 natural gas contract is trading up $0.10 at $2.92.  The Jan18 crude contract is down $0.56 at $58.39.



On Wednesday before the Thanksgiving holiday, NYMEX natural gas futures price for December traded between $2.958/MMBtu and $3.027/MMBtu, before it settled lower by 4.9 cents at $2.968/MMBtu.  Friday, the market fell sharply amidst low liquidity to close down $.155 at $2.813.   Tomorrow will be the last day for December futures trading. The recent decline was brought on by changing to bearish fundamentals, weather forecasts have been warming temperatures for early December for major natural gas demand centers. Warming weather forecasts, along with the withdraw into storage being slightly below expectations, adds to consensus for lackluster demand going into this winter. Production continues to climb adding more support for the recent downward pressure on price. On Sunday, US production hit a new all-time high of 76.8 Bcf/d. In the recent “Drilling Productivity Report”, the EIA has stated that the key shale plays should continue to increase production, growing by 1.3% in December.


Market Update 112717 

Market Settles 112417

To subscribe to Daily Market updates please visit