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

Daily Market Update January 28, 2019

Early Morning Update

The Feb19 natural gas contract is trading down $0.25 at $2.93. The Mar19 crude oil contract is down $1.04 at $52.65.



On the heels of increased demand due to frigid temperatures enveloping the middle of the country, the NYMEX natural gas contract for Feb climbed 7.9 cents to settle at $3.178/MMBtu on Friday. The March contract, which is set to debut as the prompt month on Wednesday, also rose 7.4 cents, closing out the week at $3.072. Total U.S. demand reached 125.3 Bcf/d, a jump of over 10 Bcf/d from Thursday. Most of the increase came from the Res/Comm sector, which saw a day-over-day increase of 8.4 Bcf/d. However, total demand tumbled over the weekend, falling to 113.1 on Sunday, as average U.S. temperatures warmed up a bit. The latest weather forecasts from the National Weather Service show warmer-than-normal temperatures spreading out across most of the southern half of the country in the next 6-10 days, and extending into the Mid-Atlantic and Northeast in the 8-14 day outlook. Also offering price support on Friday, dry production continues to struggle, averaging just 84.2 Bcf/d over the past six days, down from the all-time high of 87.4 Bcf/d reached on Nov. 30. 


Market Update 012819

Market Settles 012519

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.