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

Daily Market Update November 9, 2018

Early Morning Update

The Dec18 natural gas contract is trading up $0.12 at $3.66. The Dec18 crude contract is down $0.99 at $59.68.



A quiet day for the NYMEX, despite a bearish storage report.  The EIA reported a build of 65 Bcf, above the consensus of estimates (58 Bcf).  The fact that prices barely moved despite the build highlights how on-edge the market is.  The low storage levels as we head into winter is concerning to the market and it appears as though it’ll take quite a bit of bearish news to get the market to sell off.  With this latest storage report, storage levels are at 3.208 Tcf, with one more build expected (+45 next week).  The report for the week after is calling for a draw of 81 bcf (!).  This highlights the cold temps that are on tap for next week and the quick pickup in HDD’s that are forecast.  The week after shows moderating forecasts, but the market is not ready to move lower in anticipation. 


Market Update 110918

Market Settles 110818

To subscribe to Daily Market updates please visit