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

Daily Market Update October 12, 2018

Early Morning Update

The Nov18 natural gas contract is trading up $0.01 at $3.23. The Nov18 crude contract is up $0.88 at $71.85.

 

Summary

What a difference a day makes.  Temperatures along the east coast have dropped by roughly 25 degrees over the course of 24 hours.  And it looks like the heat is finally over for the year as forecasts show normal to cooler temps for the balance of the month.  
Yesterday the EIA reported a build into storage of 90 Bcf, in-line with expectations.  We only have a few more injections forecast for the season and it appears the final storage total will end up around 3.32 Tcf, a 13 year low heading into winter.  The market did fall yesterday, closing down $.062 to end the day at $3.222.  The prompt month contract was down as low as $3.153 before recovering.  The prompt month has tried several times to break above $3.25 but has not yet been able to sustain trading above that level.  Whether we make another run at it remains to be seen but the market is clearly more volatile as we approach winter. 

 

Market Update 101218

Market Settles 101118

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...

100.24.122.228