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

Daily Market Update February 21, 2020

Early Morning Update

The Mar20 natural gas contract is trading down $0.05 at $1.87.  The Apr20 crude oil contract is down $0.74 at $53.14. 


Searching for direction, the prompt month, March 2020, NYMEX natural gas contract traded in a wide range between $1.907/MMBtu to $2.025/MMBtu yesterday, ultimately settled 3.5 cents lower from Wednesday at $1.920/MMBtu. The EIA reported a 151 Bcf withdrawal for the week ending February 14, 2020, bringing total stocks to 2.343 Tcf. While this withdrawal was slightly smaller than the 163 Bcf pull for this time last year, it was larger than the five-year average of 136 Bcf. The market immediately shifted higher on the news, only to lose steam throughout the afternoon. Longer-term contracts were steady during yesterday’s trading session, calendar strips 2021-2024 remain priced between $2.35-$2.45. Yesterday’s loss could be attributed to expectations for national demand to taper off in the coming weeks, though the National Weather Service 6-10 and 8-14 day outlooks still predict cooler-than-normal temperatures for much of the United States.

Market Update022120

Market Settles 022020

To subscribe to Daily Market updates please visit