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

Daily Market Update June 27, 2018

Early Morning Update

The Jul18 natural gas contract is trading up $0.05 at $2.99.  The Aug18 crude contract is up $0.87 at $71.40.

 

Summary

On its second to last day of trading, the July 2018 NG contract settled 1.6 cents higher at $2.939/MMBtu on Tuesday. The market was focused on the near-term yesterday, with calendar strip prices moving less than a penny in either direction. Market fundamentals have been mixed, and near-term natural gas has been searching for direction as a result. On one hand, U.S. dry natural gas production levels are at record highs with continued growth expected this year, keeping supply levels high. On the flip side, demand has also risen, primarily due to power burns and LNG exports, eating away the potential for high storage injections. Anticipations for strong heat to finish June and carry into July will not only keep natural gas demand strong, but can also set peak electricity demand. ERCOT is on alert for a potential 4CP for June this afternoon, and other ISOs have forecasted peak demand in the foreseeable future. Please be on the lookout for peak demand alerts from Direct Energy Business over the next weeks.

 

 

Market Update 062718 

Market Settles 062618

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.

Loading...

18.232.124.77