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

Daily Market Update December 26, 2018

Early Morning Update

The Jan19 natural gas contract is trading down $0.01 at $3.45. The Feb19 crude contract is up $1.50 at $44.03.



Volatility remains the story in NYMEX as the prompt month January contract lost 34.9 cents on Monday to close at $3.467/MMBtu. The 2019 calendar strip followed, falling 13.5 cents, and closed below the $3 mark at $2.982/MMBtu. Most of the losses were in the near-term with the first quarter falling 31.9 cents, to close at $3.384/MMBtu. The 2020 calendar strip fell 2.8 cents to $2.68/MMBtu and 2021 was flat at $2.61/MMbtu. The January contract will expire tomorrow and bring the 2019 calendar strip off the board.
Temperatures are expected to trend warmer than average in the 5-10 day period with forecast shifting colder beyond that which could bring demand back up to seasonal levels.  


Market Update 122618

Market Settles 122418