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

Daily Market Update May 8, 2018

Early Morning Update

The Jun18 natural gas contract is trading up $0.02 at $2.76. The Jun18 crude contract is down $0.68 at $70.05.



Near term gas futures rose on Monday, as weather forecasts show additional upside in May, and power burns show gains year-over-year. The June 2018 contract gained three cents to $2.741/MMBtu, the 12-month strip rose by 1.6 cents to $2.782, and the 2019 and 2020 years stayed flat at $2.69. Warmer-than-normal forecasts dominate most of the country through this weekend, and continue for both coasts through the 20-day forecast. This departure from April weather has already resulted in a 10% month-over-month increase in power burns, and an increase of 15% over May 2017. However, on the whole, demand is down versus last year due to significantly less residential and commercial demand. On the supply side, production has taken a dip over the last few days, as unplanned maintenance on a TETCO compressor station has decreased flow for likely another week. Production is expected to average around 77.5 Bcf/d through the next two weeks.


Market Update 050818 

Market Settles 050718

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.