Prices as of 6:59 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$4.196

$4.231

-0.83%

-$0.035

32,252

 

 

WTI

$57.58

$57.60

-0.03%

-$0.02

41,385

 

 

Brent

$61.23

$61.28

-0.08%

-$0.05

10,792

 

 

ULSD

$2.215

$2.229

-0.62%

-$0.014

4,607

 

 

RBOB

$1.758

$1.760

-0.13%

-$0.002

3,803

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.83

$3.83

0.00%

$0.00

Feb-26

 

 

3:2:1 Crack

$22.78

$23.01

-1.02%

-$0.23

Jan-26

 

 

PJM West Spark

$78.68

$85.55

-8.03%

-$6.87

Jan-26

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

12/05/25

549

5

-40

12/06/24

 

 

Canada

12/05/25

191

3

-3

12/06/24

 

 

International

Nov-2025

1073

14

-45

Nov-2024

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 10/28/2025

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

104,735

104,277

104,388

-111

 

 

PJM West Off Peak

101,102

100,897

100,738

159

 

 

Natural Gas Henry Hub

356,121

341,672

346,030

-4,358

 

 

WTI – Light Sweet Crude Futures

170,277

144,980

136,469

8,511

 

 

Brent Crude Last Day

238,441

228,731

231,993

-3,262

 

 

NYM Ethanol

48,413

47,581

47,900

-319

 

 

Mt Belvieu LDH Propane Swap

149,770

148,986

149,310

-324

 

 

RBOB

349,960

326,744

335,704

-8,960

 

 

HSC Basis

822,983

815,749

819,002

-3,253

 

 

 

 

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

 

 

 

 

12/11/20

 

 

 

12/5/25

11/28/25

Net Change

% Change

12/6/24

% Change

5 Year Avg.

% Change

 

 

East

843

888

-45

-5.07%

856

-1.52%

847

-0.45%

 

 

Midwest

1,030

1,088

-58

-5.33%

1,055

-2.37%

1,031

-0.06%

 

 

Mountain

277

288

-11

-3.82%

282

-1.77%

227

22.24%

 

 

Pacific

306

315

-9

-2.86%

302

1.32%

272

12.42%

 

 

South

1,290

1,345

-55

-4.09%

1,251

3.12%

1,217

6.03%

 

 

    Salt

354

371

-17

-4.58%

340

4.12%

338

4.80%

 

 

    Non_Salt

936

974

-38

-3.90%

911

2.74%

879

6.53%

 

 

Total

3,746

3,923

-177

-4.51%

3,747

-0.03%

3,593

4.25%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/11/25

12/10/25

% Change

Change

11/12/25

% Change

12/11/24

% Change

 

 

PJM West On Peak

Jan-26

$87.73

$94.60

-7.27%

-$6.87

$93.54

-6.21%

$78.04

12.41%

 

 

ERCOT North On Peak

Jan-26

$59.78

$58.59

2.02%

$1.18

$64.11

-6.76%

$69.97

-14.57%

 

 

CAISO SP 15 On Peak

Jan-26

$42.00

$43.14

-2.64%

-$1.14

$54.94

-23.56%

$66.95

-37.27%

 

 

MISO Indiana On Peak

Jan-26

$70.92

$76.19

-6.92%

-$5.27

$81.69

-13.18%

$69.04

2.73%

 

 

NEISO Mass On Peak

Jan-26

$153.64

$165.40

-7.11%

-$11.76

$141.75

8.39%

$132.08

16.32%

 

 

WECC Mid C On Peak

Jan-26

$50.67

$56.83

-10.83%

-$6.15

$87.68

-42.21%

$99.43

-49.04%

 

 

NYISO Zone G On Peak

Jan-26

$136.04

$150.47

-9.59%

-$14.43

$136.03

0.01%

$107.98

25.98%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/11/25

12/10/25

% Change

Change

11/12/25

% Change

12/11/24

% Change

 

 

NYMEX Henry Hub

Jan-26

$4.231

$4.595

-7.92%

-$0.36

$4.74

-10.81%

$4.44

-4.66%

 

 

Houston Ship Channel

Jan-26

-$0.235

-$0.227

3.48%

-$0.01

-$0.07

252.85%

-$0.15

54.71%

 

 

Chicago

Jan-26

$0.523

$0.523

0.04%

$0.00

$0.89

-41.23%

$0.84

-37.87%

 

 

Waha

Jan-26

-$2.182

-$2.516

-13.26%

$0.33

-$1.41

54.32%

-$0.66

228.99%

 

 

Algonquin

Jan-26

$12.779

$13.600

-6.04%

-$0.82

$11.00

16.15%

$9.43

35.58%

 

 

Aeco

Jan-26

-$1.884

-$2.057

-8.44%

$0.17

-$2.14

-12.17%

-$2.00

-6.00%

 

 

Socal

Jan-26

-$0.325

-$0.260

25.06%

-$0.07

$0.68

-147.62%

$2.11

-115.43%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/11/25

12/10/25

% Change

Change

11/12/25

% Change

12/11/24

% Change

 

 

Mt. Belvieu Propane LST

Jan-26

$0.685

$0.707

-3.17%

-$0.02

$0.67

2.78%

$0.74

-7.24%

 

 

Mt. Belvieu Propane non LST

Jan-26

$0.656

$0.676

-3.01%

-$0.02

$0.65

1.60%

$0.75

-12.19%

 

 

Mt. Belview Ethane

Jan-26

$0.260

$0.278

-6.19%

-$0.02

$0.26

-0.23%

$0.28

-5.31%

 

 

Mt. Belview Nat. Gasoline

Jan-26

$1.220

$1.225

-0.38%

$0.00

$1.22

-0.30%

$1.37

-11.17%

 

 

Mt. Belvieu Butane LST

Jan-26

$0.843

$0.863

-2.26%

-$0.02

$0.83

1.10%

$0.86

-2.30%

 

 

Far East Propane

Jan-26

$5.263

$5.263

0.00%

$0.00

$4.98

5.65%

$5.59

-5.86%

 

 

Saudi Propane

Jan-26

$5.212

$5.185

0.52%

$0.03

$4.81

8.33%

$5.30

-1.68%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/11/25

12/10/25

% Change

Change

11/12/25

% Change

12/11/24

% Change

 

 

WTI

Feb-26

$57.45

$58.30

-1.48%

-$0.85

$58.42

-1.66%

$66.99

-14.24%

 

 

Brent

Feb-26

$61.28

$62.21

-1.52%

-$0.93

$62.45

-1.87%

$70.76

-13.40%

 

 

WCS

Feb-26

-$14.23

-$12.92

9.17%

-$1.30

-$12.00

18.56%

-$12.80

11.16%

 

 

LLS

Feb-26

$59.79

$59.20

0.98%

$0.59

$59.73

0.09%

$68.43

-12.63%

 

 

Mars

Feb-26

$55.65

$55.85

-0.36%

-$0.20

$57.04

-2.44%

$65.03

-14.42%

 

 

Sour

Feb-26

$58.38

$57.78

1.02%

$0.60

$58.46

-0.14%

$66.30

-11.94%

 

 

ESPO

Feb-26

$59.28

$60.21

-1.57%

-$0.93

$60.45

-1.94%

$68.76

-13.79%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/11/25

12/10/25

% Change

Change

11/12/25

% Change

12/11/24

% Change

 

 

NY Heating Oil

Jan-26

$2.20

$2.28

-3.38%

-$0.08

$2.44

-9.64%

$2.22

-1.03%

 

 

NY Gasoline

Jan-26

$1.76

$1.78

-1.12%

-$0.02

$1.94

-9.28%

$1.89

-6.98%

 

 

GC Gasoline

Jan-26

$1.62

$1.64

-1.22%

-$0.02

$1.80

-10.00%

$1.79

-9.60%

 

 

GC Jet

Jan-26

$1.97

$1.98

-0.71%

-$0.01

$2.22

-11.60%

$2.16

-8.98%

 

 

Chicago Ethanol

Jan-26

$1.60

$1.58

1.08%

$0.02

$1.65

-3.63%

$1.56

2.44%

 

 

Rotterdam Gasoil

Jan-26

$570.51

$584.02

-2.31%

-$13.51

$603.26

-5.43%

$617.82

-7.66%

 

 

Singapore Jet Kero

Jan-26

$81.27

$83.35

-2.49%

-$2.07

$89.99

-9.68%

$86.87

-6.44%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/11/25

12/10/25

% Change

Change

11/12/25

% Change

12/11/24

% Change

 

 

Henry Hub Straddle

Jan-26

71.28%

60.67%

17.49%

10.61%

67.35%

5.84%

38.19%

86.65%

 

 

Algonquin Straddle

Jan-26

76.62%

69.54%

10.18%

7.08%

74.69%

2.58%

44.34%

72.80%

 

 

Waha Straddle

Jan-26

115.55%

123.03%

-6.08%

-7.48%

90.40%

27.82%

36.91%

213.06%

 

 

Chicago Straddle

Jan-26

66.85%

58.78%

13.73%

8.07%

66.17%

1.03%

37.02%

80.58%

 

 

PJM West Straddle

Jan-26

98.17%

99.15%

-0.99%

-0.98%

89.33%

9.90%

62.30%

57.58%

 

 

SP – 15 Straddle

Jan-26

216.99%

205.88%

5.40%

11.11%

188.68%

15.00%

172.80%

25.57%

 

 

Mid. C Straddle

Jan-26

89.16%

67.99%

31.14%

21.17%

111.02%

-19.69%

75.05%

18.80%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/11/25

12/10/25

% Change

Change

11/12/25

% Change

12/11/24

% Change

 

 

Dutch TTF

Jan-26

EUR 26.90

EUR 26.82

0.29%

EUR 0.08

EUR 31.16

-13.67%

EUR 40.81

-34.08%

 

 

NBP

Jan-26

GBP 70.53

GBP 70.16

0.52%

GBP 0.37

GBP 82.50

-14.51%

GBP 105.76

-33.31%

 

 

German Base

Jan-26

EUR 102.16

EUR 100.72

1.43%

EUR 1.44

EUR 106.15

-3.76%

EUR 108.48

-5.83%

 

 

UK Base

Jan-26

GBP 80.41

GBP 78.57

2.33%

GBP 1.83

GBP 88.20

-8.84%

GBP 88.40

-9.04%

 

 

French Base

Jan-26

EUR 71.33

EUR 70.55

1.11%

EUR 0.78

EUR 76.94

-7.29%

EUR 101.57

-29.77%

 

 

Italian Base

Jan-26

EUR 113.90

EUR 114.44

-0.47%

-EUR 0.54

EUR 115.17

-1.10%

EUR 128.52

-11.37%

 

 

JKM LNG

Jan-26

$10.69

$9.83

8.71%

$0.86

$11.10

-3.70%

$13.69

-21.92%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/11/25

12/10/25

% Change

Change

11/12/25

% Change

12/11/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Jan-26

$26.90

$26.82

0.29%

$0.08

$31.16

-13.67%

$40.81

-34.08%

 

 

USGC-UK Continent Dirty (WET)

Jan-26

$70.53

$70.16

0.52%

$0.37

$82.50

-14.51%

$105.76

-33.31%

 

 

TD20 West Africa to UK Continent (WET)

Jan-26

$102.16

$100.72

1.43%

$1.44

$106.15

-3.76%

$108.48

-5.83%

 

 

LPG FFA Middle East Gulf to East (WET)

Jan-26

$80.41

$78.57

2.33%

$1.83

$88.20

-8.84%

$88.40

-9.04%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Jan-26

$71.33

$70.55

1.11%

$0.78

$76.94

-7.29%

$101.57

-29.77%

 

 

Supramax Timecharter (DRY)

Jan-26

$113.90

$114.44

-0.47%

-$0.54

$115.17

-1.10%

$128.52

-11.37%

 

 

Capesize Timecharter (DRY)

Jan-26

$10.69

$9.83

8.71%

$0.86

$11.10

-3.70%

$13.69

-21.92%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/06/2025

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

1

9

2,117

178

-96

9.00%

-4.00%

 

 

E S Central

0

-1

0

1,787

242

-41

16.00%

-2.00%

 

 

W S Central

0

-3

0

2,824

382

-86

16.00%

-3.00%

 

 

Mountain

0

0

0

1,342

99

-108

8.00%

-7.00%

 

 

Pacific

0

-1

0

729

25

-190

4.00%

-21.00%

 

 

United States

2

0

2

1,371

160

-66

13.00%

-5.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/06/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

256

43

13

1,525

-42

156

-3.00%

11.00%

 

 

Middle Atlantic

243

46

5

1,277

-86

169

-6.00%

15.00%

 

 

E N Central

297

72

12

1,458

-73

198

-5.00%

16.00%

 

 

W N Central

310

59

13

1,397

-267

53

-16.00%

4.00%

 

 

South Atlantic

134

27

-22

608

-12

70

-2.00%

13.00%

 

 

E S Central

196

57

-7

756

-59

107

-7.00%

16.00%

 

 

W S Central

147

47

39

365

-106

52

-23.00%

17.00%

 

 

Mountain

205

9

37

1,051

-336

-103

-24.00%

-9.00%

 

 

Pacific

112

-6

15

615

-176

-95

-22.00%

-13.00%

 

 

United States

200

37

9

952

-110

71

-10.00%

8.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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