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

Daily Market Update August 6, 2019

Early Morning Update

The Sep19 natural gas contract is trading up $0.03 at $2.10.  The Sep19 crude oil contract is up $0.31 at $55.00. 


After hitting its lowest point since May 2016 on Friday, the NYMEX prompt month lost an additional five cents yesterday, ultimately settling at $2.070/MMBtu. Forward 2020 and 2021 calendar strips also hit all-time lows for the second time in as many days, both losing a couple cents. The downward movement seen across the natural gas market comes after record-breaking high production levels. Yesterday, production hit an all-time daily high of 90.5 Bcf/d, beating the short-lived record of 90.4 Bcf/d established on Saturday. Demand also saw some growth yesterday, increasing to 72.4 Bcf/d, about 3.8 Bcf/d higher than Sunday’s level. Near-term forecasts of warm weather throughout the South are expected to push this week’s average demand levels up to 41 Bcf/d, which is 0.5 Bcf/d more than last week’s average. Looking at the 11-15 day outlook, warm weather is expected across the entire western U.S., indicating a continued increase in demand levels through mid-August.

Market Update080619

Market Settles 08052019

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.