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

Daily Market Update May 5, 2020

Early Morning Update

The Jun20 natural gas contract is trading up $0.12 at $2.11.  The Jun20 crude oil contract is up $3.61 at $24.00.


June, the natural gas prompt month, settled yesterday at $1.993, up over a dime on the day, and is firmly above $2 this morning. Cooler-than-normal temperatures are forecast to blanket the northeastern, midwestern, and southern demand sectors through the 10-day outlook, which will give a boost to heating demand and lend price support to regional prices, especially in the Northeast and Midwest, where demand is expected to increase the most. Demand on the Res/Comm sector had fallen to an average of 16 Bcf/d in the past week, which is not unexpected during the shoulder months as we continue on a path toward summer, but the cooler temperatures in the short term forecast are expected to push demand up to 22 Bcf/d. On the supply side, while production remains high historically, it has shown a decrease in the first few days of May, with dry production down ~1.2 Bcf/d since the first of the month. Will it be short-term, or is it the beginning of the much-anticipated slide in production?

Market Update050520

Market Settles 050420

To subscribe to Daily Market updates please visit