Prices as of 7:05 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$4.784

$4.850

-1.36%

-$0.066

30,718

 

 

WTI

$59.16

$58.55

1.04%

$0.61

64,323

 

 

Brent

$62.97

$63.20

-0.36%

-$0.23

9,989

 

 

ULSD

$2.342

$2.333

0.37%

$0.009

5,537

 

 

RBOB

$1.849

$1.896

-2.49%

-$0.047

7,620

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$4.12

$4.09

0.73%

$0.03

Feb-26

 

 

3:2:1 Crack

$25.00

$24.39

2.50%

$0.61

Jan-26

 

 

PJM West Spark

NA

NA

NA

NA

Dec-25

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

11/26/25

544

-10

-38

11/27/24

 

 

Canada

11/26/25

188

-7

-17

11/27/24

 

 

International

Oct-2025

1059

-25

-101

Oct-2024

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 10/14/2025

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

100,914

100,476

100,575

-99

 

 

PJM West Off Peak

96,781

96,568

96,394

174

 

 

Natural Gas Henry Hub

346,192

333,032

334,248

-1,216

 

 

WTI – Light Sweet Crude Futures

160,571

136,419

132,708

3,711

 

 

Brent Crude Last Day

231,980

226,275

228,015

-1,740

 

 

NYM Ethanol

46,117

45,401

45,635

-234

 

 

Mt Belvieu LDH Propane Swap

147,780

147,004

147,239

-235

 

 

RBOB

371,782

348,514

353,757

-5,243

 

 

HSC Basis

764,997

755,315

761,166

-5,851

 

 

 

 

EIA Short Term Energy Outlook

 

 

 

 

 

 

 

2023

2024

2025 Projected

2026 Projected

 

 

Brent

$82.00

$81.00

$66.00

$59.00

 

 

Gasoline

$3.50

$3.30

$3.10

$3.10

 

 

Crude Oil Production

$12.90

$13.20

$13.40

$13.50

 

 

Natural Gas Spot

$2.50

$2.20

$4.10

$4.80

 

 

LNG Exports

12.00

12.00

15.00

16.00

 

 

 

 

 

 

 

 

 

 

Electrical Generation %

2023

2024

2025 Projected

2026 Projected

 

 

Natural gas

42.00%

42.00%

40.00%

40.00%

 

 

Coal

17.00%

16.00%

16.00%

15.00%

 

 

Renewables

22.00%

23.00%

25.00%

27.00%

 

 

Nuclear

19.00%

19.00%

19.00%

19.00%

 

 

 

 

 

 

 

 

 

 

 

Short Term Energy Outlook

 

Natural Gas Storage

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

EIA Lower 48 Natural Gas Storage

 

 

 

 

11/20/20

 

 

 

11/14/25

11/7/25

Net Change

% Change

11/15/24

% Change

5 Year Avg.

% Change

 

 

East

905

914

-9

-0.98%

931

-2.79%

908

-0.29%

 

 

Midwest

1,112

1,117

-5

-0.45%

1,140

-2.46%

1,104

0.72%

 

 

Mountain

292

290

2

0.69%

293

-0.34%

241

21.36%

 

 

Pacific

322

321

1

0.31%

313

2.88%

285

13.14%

 

 

South

1,316

1,318

-2

-0.15%

1,291

1.94%

1,248

5.45%

 

 

    Salt

352

353

-1

-0.28%

347

1.44%

338

4.14%

 

 

    Non_Salt

963

965

-2

-0.21%

944

2.01%

910

5.82%

 

 

Total

3,946

3,960

-14

-0.35%

3,969

-0.58%

3,784

4.27%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/28/25

11/26/25

% Change

Change

10/30/25

% Change

11/27/24

% Change

 

 

PJM West On Peak

Dec-25

$70.74

$73.74

-4.07%

-$3.00

$62.15

13.83%

$58.58

20.76%

 

 

ERCOT North On Peak

Dec-25

$45.93

$48.04

-4.39%

-$2.11

$40.23

14.17%

$46.33

-0.86%

 

 

CAISO SP 15 On Peak

Dec-25

$46.92

$49.17

-4.57%

-$2.25

$47.18

-0.54%

$66.25

-29.17%

 

 

MISO Indiana On Peak

Dec-25

$62.31

$65.98

-5.56%

-$3.67

$56.83

9.65%

$54.41

14.53%

 

 

NEISO Mass On Peak

Dec-25

$117.92

$123.00

-4.13%

-$5.08

$94.96

24.18%

$92.47

27.52%

 

 

WECC Mid C On Peak

Dec-25

$63.97

$69.55

-8.02%

-$5.58

$65.34

-2.09%

$91.93

-30.41%

 

 

NYISO Zone G On Peak

Dec-25

$103.00

$108.28

-4.88%

-$5.28

$87.81

17.30%

$74.57

38.11%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/28/25

11/26/25

% Change

Change

10/30/25

% Change

11/27/24

% Change

 

 

NYMEX Henry Hub

Jan-26

$4.850

$4.558

6.41%

$0.29

$4.20

15.34%

$4.35

11.42%

 

 

Houston Ship Channel

Jan-26

-$0.069

-$0.034

100.00%

-$0.03

-$0.05

46.90%

-$0.22

-69.27%

 

 

Chicago

Jan-26

$0.817

$0.823

0.65%

-$0.01

$0.71

15.63%

$0.86

-5.39%

 

 

Waha

Jan-26

-$1.778

-$1.406

-26.44%

-$0.37

-$1.48

19.80%

-$0.67

164.22%

 

 

Algonquin

Jan-26

$11.088

$10.701

3.62%

$0.39

$9.65

14.94%

$9.10

21.84%

 

 

Aeco

Jan-26

-$2.241

-$2.091

7.21%

-$0.15

-$1.67

34.58%

-$1.71

30.95%

 

 

Socal

Jan-26

$0.191

$0.244

-21.57%

-$0.05

$0.70

-72.51%

$2.34

-91.83%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/28/25

11/26/25

% Change

Change

10/30/25

% Change

11/27/24

% Change

 

 

Mt. Belvieu Propane LST

Dec-25

$0.686

$0.664

3.35%

$0.02

$0.68

1.07%

$0.76

-9.27%

 

 

Mt. Belvieu Propane non LST

Dec-25

$0.662

$0.646

2.48%

$0.02

$0.67

-1.44%

$0.75

-11.27%

 

 

Mt. Belview Ethane

Dec-25

$0.276

$0.274

0.83%

$0.00

$0.25

11.03%

$0.25

8.62%

 

 

Mt. Belview Nat. Gasoline

Dec-25

$1.226

$1.220

0.45%

$0.01

$1.25

-1.85%

$1.33

-8.01%

 

 

Mt. Belvieu Butane LST

Dec-25

$0.846

$0.846

-0.01%

$0.00

$0.85

-1.04%

$0.89

-4.86%

 

 

Far East Propane

Dec-25

$5.348

$5.180

3.25%

$0.17

$5.17

3.45%

$5.60

-4.50%

 

 

Saudi Propane

Dec-25

$5.000

$4.910

1.83%

$0.09

$4.87

2.71%

$5.35

-6.55%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/28/25

11/26/25

% Change

Change

10/30/25

% Change

11/27/24

% Change

 

 

WTI

Jan-26

$58.55

$58.65

-0.17%

-$0.10

$60.20

-2.74%

$66.22

-11.58%

 

 

Brent

Jan-26

$63.13

$63.13

0.00%

$0.00

$64.37

-1.93%

$70.14

-9.99%

 

 

WCS

Jan-26

-$11.96

-$12.45

-4.03%

$0.48

-$12.88

-7.10%

-$12.51

-4.37%

 

 

LLS

Jan-26

$59.67

$59.91

-0.40%

-$0.24

$61.26

-2.59%

$68.21

-12.51%

 

 

Mars

Jan-26

$56.96

$56.99

-0.04%

-$0.02

$58.37

-2.41%

$64.70

-11.95%

 

 

Sour

Jan-26

$58.47

$58.69

-0.37%

-$0.22

$59.49

-1.72%

$66.42

-11.98%

 

 

ESPO

Jan-26

$61.13

$61.13

0.00%

$0.00

$62.37

-1.99%

$68.14

-10.29%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/28/25

11/26/25

% Change

Change

10/30/25

% Change

11/27/24

% Change

 

 

NY Heating Oil

Dec-25

$2.33

$2.33

-0.09%

$0.00

$2.40

-3.04%

$2.22

4.63%

 

 

NY Gasoline

Dec-25

$1.92

$1.89

1.91%

$0.04

$1.87

2.94%

$1.85

4.28%

 

 

GC Gasoline

Dec-25

$1.78

$1.75

2.06%

$0.04

$1.73

3.18%

$1.75

2.23%

 

 

GC Jet

Dec-25

$2.12

$2.08

1.68%

$0.04

$2.17

-2.44%

$2.05

2.97%

 

 

Chicago Ethanol

Dec-25

$1.71

$1.71

0.00%

$0.00

$1.66

2.83%

$1.55

10.25%

 

 

Rotterdam Gasoil

Dec-25

$613.27

$598.88

2.40%

$14.39

$591.31

3.71%

$619.99

-1.08%

 

 

Singapore Jet Kero

Dec-25

$87.25

$85.52

2.03%

$1.74

$87.73

-0.54%

$86.21

1.21%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/28/25

11/26/25

% Change

Change

10/30/25

% Change

11/27/24

% Change

 

 

Henry Hub Straddle

Jan-26

58.89%

63.40%

-7.11%

-4.51%

60.33%

-2.39%

45.47%

29.51%

 

 

Algonquin Straddle

Jan-26

60.81%

72.60%

-16.24%

-11.79%

70.11%

-13.26%

50.57%

20.25%

 

 

Waha Straddle

Jan-26

72.11%

82.35%

-12.43%

-10.24%

90.96%

-20.72%

46.17%

56.18%

 

 

Chicago Straddle

Jan-26

54.47%

60.70%

-10.26%

-6.23%

56.04%

-2.80%

43.76%

24.47%

 

 

PJM West Straddle

Jan-26

94.46%

96.32%

-1.93%

-1.86%

66.97%

41.05%

61.20%

54.35%

 

 

SP – 15 Straddle

Jan-26

185.15%

211.13%

-12.31%

-25.98%

153.39%

20.71%

156.31%

18.45%

 

 

Mid. C Straddle

Jan-26

151.85%

129.10%

17.62%

22.75%

85.79%

77.00%

80.31%

89.08%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/28/25

11/26/25

% Change

Change

10/30/25

% Change

11/27/24

% Change

 

 

Dutch TTF

Jan-26

EUR 28.66

EUR 29.31

-2.21%

-EUR 0.65

EUR 31.69

-9.57%

EUR 41.48

-30.91%

 

 

NBP

Jan-26

GBP 75.04

GBP 77.08

-2.65%

-GBP 2.04

GBP 83.36

-9.98%

GBP 108.92

-31.10%

 

 

German Base

Jan-26

EUR 103.88

EUR 103.51

0.36%

EUR 0.37

EUR 104.16

-0.27%

EUR 109.90

-5.48%

 

 

UK Base

Jan-26

GBP 84.08

GBP 84.66

-0.68%

-GBP 0.57

GBP 86.60

-2.91%

GBP 90.60

-7.19%

 

 

French Base

Jan-26

EUR 67.27

EUR 65.54

2.65%

EUR 1.73

EUR 81.54

-17.50%

EUR 101.07

-33.44%

 

 

Italian Base

Jan-26

EUR 114.22

EUR 113.75

0.41%

EUR 0.47

EUR 113.61

0.54%

EUR 125.87

-9.25%

 

 

JKM LNG

Jan-26

$10.98

$11.16

-1.68%

-$0.19

$11.02

-0.42%

$14.19

-22.67%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

11/28/25

11/26/25

% Change

Change

10/30/25

% Change

11/27/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Jan-26

$28.66

$29.31

-2.21%

-$0.65

$31.69

-9.57%

$41.48

-30.91%

 

 

USGC-UK Continent Dirty (WET)

Jan-26

$75.04

$77.08

-2.65%

-$2.04

$83.36

-9.98%

$108.92

-31.10%

 

 

TD20 West Africa to UK Continent (WET)

Jan-26

$103.88

$103.51

0.36%

$0.37

$104.16

-0.27%

$109.90

-5.48%

 

 

LPG FFA Middle East Gulf to East (WET)

Jan-26

$84.08

$84.66

-0.68%

-$0.57

$86.60

-2.91%

$90.60

-7.19%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jan-26

$67.27

$65.54

2.65%

$1.73

$81.54

-17.50%

$101.07

-33.44%

 

 

Supramax Timecharter (DRY)

Jan-26

$114.22

$113.75

0.41%

$0.47

$113.61

0.54%

$125.87

-9.25%

 

 

Capesize Timecharter (DRY)

Jan-26

$10.98

$11.16

-1.68%

-$0.19

$11.02

-0.42%

$14.19

-22.67%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

11/29/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

0

0

0

549

132

-40

32.00%

-7.00%

 

 

Middle Atlantic

0

0

0

801

145

-62

22.00%

-7.00%

 

 

E N Central

0

0

0

862

153

46

22.00%

6.00%

 

 

W N Central

0

0

0

1,057

130

59

14.00%

6.00%

 

 

South Atlantic

10

0

5

2,106

176

-104

9.00%

-5.00%

 

 

E S Central

0

-1

0

1,787

243

-41

16.00%

-2.00%

 

 

W S Central

8

4

3

2,824

386

-86

16.00%

-3.00%

 

 

Mountain

0

0

0

1,342

99

-108

8.00%

-7.00%

 

 

Pacific

0

-1

0

729

26

-190

4.00%

-21.00%

 

 

United States

3

1

1

1,369

160

-67

13.00%

-5.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/29/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

189

-6

16

1,269

-86

152

-6.00%

14.00%

 

 

Middle Atlantic

172

-8

10

1,034

-132

172

-11.00%

20.00%

 

 

E N Central

204

-2

17

1,161

-145

189

-11.00%

19.00%

 

 

W N Central

212

-20

-10

1,087

-325

36

-23.00%

3.00%

 

 

South Atlantic

90

-6

-1

474

-39

100

-8.00%

27.00%

 

 

E S Central

120

-6

-1

560

-116

123

-17.00%

28.00%

 

 

W S Central

62

-27

-4

218

-153

17

-41.00%

8.00%

 

 

Mountain

160

-23

1

846

-346

-146

-29.00%

-15.00%

 

 

Pacific

86

-24

-23

504

-170

-115

-25.00%

-18.00%

 

 

United States

136

-13

0

752

-148

66

-16.00%

10.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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