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

Daily Market Update October 31, 2017

Early Morning Update

The Dec17 natural gas contract is trading down $0.04 at $2.93.  The Dec17 crude contract is down $0.15 at $54.00.


In its first day of prompt-month trading, the December natural gas contract rose less than a cent on the day to $2.966/MMBtu, after trading up to three cents higher in the morning session. The 12-month strip gained less than a cent to $2.98, Cal’18 gained less than a cent to $2.999, and outer years 2019 through 2023 all rose up to 2.5 cents. Weather forecasts for the next 20 days look to all be fairly similar, with the Northwest remaining three to eight degrees below normal, and the South and Northeast between three and five degrees above normal. This more mild East Coast is forecasted to bring lower power burns in the immediate term, a bearish indicator in a market that is flush with record production. Even with a potentially elongated injection season, year-end storage numbers will still likely finish below historical benchmarks.


Market Update 1031

Market Settles 103017

To subscribe to Daily Market updates please visit