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

Daily Market Update November 6, 2017

Early Morning Update

The Dec17 natural gas contract is trading up $0.07 at $3.05.  The Dec17 crude contract is up $0.27 at $55.91.


On Friday, NYMEX natural gas futures price for December gained 4.9 cents to settle at $2.984/MMBtu. The gains continue this morning as the 1-5 and 6-10 day forecasts have flipped to colder-than-normal temperatures which will result in elevated heating demand for natural gas. This cold front is expected to be somewhat short lived, which some heat expect to return later next week. The majority of winter weather forecasts have been predicting there will be a La Nina weather pattern, but there still is no confidence in the exact effect this will have. US production has been sustaining its upward trend as the Rover pipeline is providing more takeaway capacity. On Saturday, production hit a new all-time high of 76.1 Bcf/d.The increase in heating demand for natural gas is expected to reflect in the storage report this week. For the close of October, should the report be in line with the five-year average injection, would be the lowest inventory level reported since 2014. 


Market Update 110617 

Market Settles 110317

To subscribe to Daily Market updates please visit