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

Daily Market Update January 8, 2018

Early Morning Update


The Feb18 natural gas contract is trading up $0.03 at $2.82.  The Feb18 crude contract is up $0.23 at $61.67.



Despite the extremely cold temperatures across most of the country last week, NYMEX NG prices actually fell last week.  Even more strange was that NG production also fell last week due to wellhead freeze-offs (although that should just be temporary).  As the NYMEX fell though, short-term gas and power in many northeast locations continued to see some of the highest prices since the polar vortex, as demand for NG reached extremely high levels.  The high demand for NG coupled with lower production has led to the highest ever forecasts for a NG draw for this weeks’ storage report.  Estimates are calling for a draw of 335 Bcf, which would set an all-time record.  Early estimates for next week call for a draw of about 200 Bcf, and these two draws are leading to lower end-of-winter storage estimates of roughly 1.3 Tcf.



Market Update 010818 

Market Settles 010518

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.