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

Daily Market Update October 25, 2018

Early Morning Update

The Nov18 natural gas contract is trading up $0.03 at $3.20. The Dec18 crude contract is up $0.43 at $67.25.

 

Summary

The NYMEX November natural gas futures price fell 4.6 cents and settled at $3.166/MMBtu yesterday.  Warmer-than-average weather is expected in the West and the southern region, while mild temperatures are likely in the eastern half of the U.S.  Total U.S. demand increased by 1.2 Bcf/d to 83.7 Bcf/d on Wednesday, largely driven by gains in residential and commercial demand.  Over the next seven days, demand is estimated to dip and average 80.5 Bcf/d, as temperatures return to seasonal norms, which should result in stronger injections in the coming weeks.  Unfortunately, expectations for next week’s storage injections will be significantly below the five-year average of 77 Bcf, and, instead, come in around 54 Bcf.  U.S. production fell 1.0 Bcf/d day-on-day to 83.2 Bcf/d for Wednesday, with declines concentrated largely in the Northeast, Texas, and the Southeast.  Overall, the NYMEX market dipped slightly, as the 12-month strip dropped four cents to $2.904, and the 2019 and 2020 years fell by about three and one cent, respectively, to $2.848 and $2.676.

 

Market Update 102518

Market Settles 102418

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...

3.81.28.94