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

Daily Market Update December 28, 2018

Early Morning Update

The Feb19 natural gas contract is trading down $0.21 at $3.33. The Feb19 crude contract is up $0.35 at $44.96.

 

Summary

The Jan ‘19 NYMEX contract expired with a rally, closing up $.175 to expire at $3.642.  The Feb ‘19 contract is now the prompt month.  Overnight, weather forecasts looks to have been revised to show slightly warmer temps through the middle of Jan, helping push prices lower this morning.  Power prices have also been weaker as index pricing has been low, especially in NY and NE.  The storage report will be released today at 10:30.  Estimates are calling for draw in the high 30’s, very low for this time of year (-122 last year and -121 5-yr average).

 

Market Update 122818

Market Settles 122718

© 2020 Direct Energy. All Rights Reserved. Direct Energy and the Lightning Bolt design are registered trademarks of Direct Energy. (DC PSC License No. EA-04-4-4; EA-13-12; GA-13-03-1; NJ BPU License Nos. ESL-0165, ESL-142, GSL-0145, GSL-0128; MD PSC License Nos. IR-437; IR-2697; IR-3123; IR-3108; PUCT Cert. No. 10011; Direct Energy Business, LLC CT PURA License Nos. 12-03; 00-05-14RE01; MA DPU License Nos. CS-021; GS-052; CS-108; GS-051). Products and services vary depending on region or market. Direct Energy Business is an affiliate of Direct Energy Services, which is the licensed gas supplier in Michigan. If you decide to enroll your small business with Direct Energy, your gas contract will be with Direct Energy Services.
Privacy & Legal

Norton Secured
3.233.215.231