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

Daily Market Update January 9, 2019

Early Morning Update

The Feb19 natural gas contract is trading down $0.02 at $2.95. The Feb19 crude contract is up $1.42 at $51.20.



Hinged on near-term weather outlooks, the NYMEX front month contract continued its seesaw pattern yesterday, up 2.3 cents, settling at $2.967/MMBtu, after trading in a wide range of $2.948-$3.053/MMBtu throughout the day. The National Weather Service revised their 8-14 day outlook slightly less bearish, decreasing the chances for warmer-than-normal temperatures in the Northeast. Analysts commented that the market may have hit a short-term floor, and $2.90 appears to be a support level. However, after making up ground in the natural gas storage deficit with the EIA’s report last week of a meager 20 Bcf draw, and more smaller-than-average draws expected in the coming weeks, near-term price gains could be limited as we head into the second half of heating demand season.


Market Update 010919

Market Settles 010819

To subscribe to Daily Market updates please visit