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

Daily Market Update August 24, 2021

Early Morning Update

The Sep ‘21 natural gas contract is trading down $0.02 at $3.92. The Sep ‘21 crude oil contract is up $0.86 at $66.50.


Bullishness returned to the natural gas market yesterday, in what is becoming a very familiar start to the week. In seven of the last nine Monday trading sessions, gas has made significant moves upwards, and yesterday was no different. The prompt month gained 9.4 cents in this week’s opening session, closing at $3.945/MMBtu. The 12-month strip was up 6.7 cents, and Cal ‘22 gained almost a nickel. Beyond 2023, the NYMEX natural gas pricing curve was relatively flat. With warmer temperatures saturating the eastern U.S., total demand for natural gas has been inching up and is 4.3 Bcf/d higher today than it was this past Sunday. Meanwhile, U.S. dry production dropped 1.3 Bcf/d day-over-day, tightening the supply/demand balance and adding fuel to the natural gas pricing fire. Tropical Strom Henri has been wreaking havoc along the East Coast after making landfall in Rhode Island on Sunday afternoon. Causing extensive flooding, high winds, and power outages from New Jersey up to Maine, Bentek has reported that gas deliveries to power plants has fallen 0.4 Bcf/d in Virginia, Maryland, and New Jersey. Despite the brief respite in temperatures because of the rains, temperatures are expected to rise again after the storm’s departure, bringing more bullishness back to the market.


Market Update 08 24 2021

Market Settles 08 23 2021


To subscribe to Daily Market updates please visit