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

Daily Market Update February 12, 2018

Early Morning Update

The Mar18 natural gas contract is trading down $0.01 at $2.57.  The Mar18 crude contract is up $1.00 at $60.20.



On Friday, the NYMEX natural gas futures price for  March plummeted another 11.3 cents on the day to settle at $2.584/MMBtu. According to the EIA, last week’s colder weather bolstered heating demand for natural gas, pushing the total U.S. residential and commercial consumption levels up about 20%. This increase in demand is expected to result in a larger-than-normal withdrawal from storage for the week ending February 9th. Early estimates for this upcoming storage report range up into the 180s. Weather forecasts are showing warmer-than-normal temperatures for the majority of the eastern half of the country, a major demand center in the U.S. for natural gas. With moderating weather forecasts through the end of February, expectations for the end-of-season storage inventories have bumped back up to 1.38 Tcf.  Despite finishing winter in deficit to last year and the five-year average, end of summer levels look to be pretty close to normal heading into next winter.


 Market Update 021218

Market Settles 020918

Set your ZIP code and utility

Enter a valid ZIP code
Unfortunately, we don't currently service this area. Please try another ZIP code.

Loading please wait...

Don't see your utility?

We currently only provide service to the listed utilities. For question, please contact 1-888-925-9115.