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

Daily Market Update June 17, 2020

Early Morning Update

The Jul20 natural gas contract is trading flat to yesterday’s close at $1.61.  The Jul20 crude oil contract is down $0.48 at $37.90.


The NYMEX natural gas prompt month continued it’s losing streak yesterday, shedding an additional $0.055/MMBtu yesterday, opening the day at $1.669/MMBtu and closing at $1.614/MMBtu. This is the third trading day in a row where the contract has lost value, shedding nearly $0.20/MMBtu since Thursday last week. In the cash market, Henry Hub spot prices for next day gas settled at $1.38/MMBtu yesterday, setting a 20-year low. Demand, overall, remains a bit sluggish, however, above-average temperatures are in the forecast for the balance of June for large swaths of the US. This could provide a boost to gas prices, as power generators increase their demand for the fuel. Looking ahead, tomorrow’s weekly storage report from the U.S. Energy Information Administration is expected to report an injection that is, once again, greater than the 5-year average.

Market Update061720

Market Settles 061620

To subscribe to Daily Market updates please visit