Prices as of 7:00 AM CST

 

 

 

 

 

 

 

Current Price

Previous Settle

% Change

Change

Volume

 

 

Natural Gas

$3.908

$3.908

0.00%

$0.000

24,972

 

 

WTI

$56.35

$56.15

0.36%

$0.20

513

 

 

Brent

$60.10

$59.82

0.47%

$0.28

9,529

 

 

ULSD

$2.131

$2.132

-0.03%

-$0.001

1,509

 

 

RBOB

$1.711

$1.701

0.55%

$0.009

1,561

 

 

 

 

Spreads

 

 

 

 

 

 

 

Current

Previous

% Change

Change

Contract

 

 

WTI-Brent

$3.80

$3.82

-0.52%

-$0.02

Feb-26

 

 

3:2:1 Crack

$21.53

$21.54

-0.02%

$0.00

Jan-26

 

 

PJM West Spark

$71.94

$73.54

-2.18%

-$1.60

Jan-26

 

 

 

 

Baker Hughes Rig Count

 

 

 

 

 

 

 

Date

Count

Change

1 Year Chg.

1 Year Date

 

 

U.S.

12/12/25

548

-1

-41

12/13/24

 

 

Canada

12/12/25

192

1

-2

12/13/24

 

 

International

Nov-2025

1073

14

-45

Nov-2024

 

 

 

 

CFTC Net Positions

 

 

 

 

 

 

As of 11/10/2025

Open Interest

Total Net Long

Total Net Short

Diff

 

 

PJM West On Peak

103,113

102,370

102,741

-371

 

 

PJM West Off Peak

98,701

98,247

98,310

-63

 

 

Natural Gas Henry Hub

350,110

337,795

339,223

-1,428

 

 

WTI – Light Sweet Crude Futures

163,973

134,163

131,160

3,003

 

 

Brent Crude Last Day

233,547

226,865

227,031

-166

 

 

NYM Ethanol

37,595

36,917

37,247

-330

 

 

Mt Belvieu LDH Propane Swap

139,082

138,374

138,775

-401

 

 

RBOB

370,687

342,008

354,350

-12,342

 

 

HSC Basis

772,711

764,846

761,548

3,298

 

 

 

 

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

 

 

 

 

12/25/20

 

 

 

12/12/25

12/5/25

Net Change

% Change

12/13/24

% Change

5 Year Avg.

% Change

 

 

East

797

843

-46

-5.46%

822

-3.04%

813

-1.94%

 

 

Midwest

966

1,030

-64

-6.21%

1,007

-4.07%

988

-2.19%

 

 

Mountain

271

277

-6

-2.17%

274

-1.09%

216

25.46%

 

 

Pacific

304

306

-2

-0.65%

296

2.70%

260

16.83%

 

 

South

1,242

1,290

-48

-3.72%

1,222

1.64%

1,192

4.16%

 

 

    Salt

338

354

-16

-4.52%

338

0.00%

335

0.78%

 

 

    Non_Salt

903

936

-33

-3.53%

884

2.15%

857

5.42%

 

 

Total

3,579

3,746

-167

-4.46%

3,622

-1.19%

3,469

3.16%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power Generation Additions/Retirements

 

 

  

 

Front Month Prices

 

 

 

 

 

 

 

 

 

 

 

 

 

Electricity

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/18/25

12/17/25

% Change

Change

11/19/25

% Change

12/18/24

% Change

 

 

PJM West On Peak

Jan-26

$80.28

$81.91

-1.98%

-$1.62

$94.77

-15.28%

$77.84

3.14%

 

 

ERCOT North On Peak

Jan-26

$50.44

$50.62

-0.36%

-$0.18

$66.38

-24.02%

$69.48

-27.41%

 

 

CAISO SP 15 On Peak

Jan-26

$38.15

$39.25

-2.80%

-$1.10

$51.33

-25.68%

$66.74

-42.83%

 

 

MISO Indiana On Peak

Jan-26

$64.01

$63.29

1.13%

$0.71

$83.40

-23.26%

$68.76

-6.91%

 

 

NEISO Mass On Peak

Jan-26

$139.45

$143.80

-3.03%

-$4.35

$141.82

-1.67%

$136.67

2.03%

 

 

WECC Mid C On Peak

Jan-26

$36.28

$39.04

-7.07%

-$2.76

$82.25

-55.89%

$95.98

-62.20%

 

 

NYISO Zone G On Peak

Jan-26

$132.39

$127.01

4.24%

$5.38

$140.27

-5.62%

$109.10

21.35%

 

 

 

 

 

Natural Gas & Basis

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/18/25

12/17/25

% Change

Change

11/19/25

% Change

12/18/24

% Change

 

 

NYMEX Henry Hub

Jan-26

$3.908

$4.024

-2.88%

-$0.12

$4.75

-17.78%

$4.38

-10.72%

 

 

Houston Ship Channel

Jan-26

-$0.307

-$0.311

-1.38%

$0.00

-$0.04

755.43%

-$0.09

223.95%

 

 

Chicago

Jan-26

$0.364

$0.332

-8.71%

$0.03

$0.85

-57.15%

$0.82

-55.87%

 

 

Waha

Jan-26

-$2.490

-$2.752

-9.50%

$0.26

-$1.48

68.71%

-$0.53

371.24%

 

 

Algonquin

Jan-26

$10.870

$11.248

-3.37%

-$0.38

$10.50

3.54%

$9.32

16.60%

 

 

Aeco

Jan-26

-$1.583

-$1.568

0.96%

-$0.02

-$2.22

-28.70%

-$2.02

-21.56%

 

 

Socal

Jan-26

-$0.440

-$0.528

-16.77%

$0.09

$0.38

-216.35%

$1.91

-123.01%

 

 

 

 

 

Natural Gas Liquids

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/18/25

12/17/25

% Change

Change

11/19/25

% Change

12/18/24

% Change

 

 

Mt. Belvieu Propane LST

Jan-26

$0.639

$0.622

2.70%

$0.02

$0.66

-2.53%

$0.76

-15.43%

 

 

Mt. Belvieu Propane non LST

Jan-26

$0.617

$0.614

0.59%

$0.00

$0.64

-3.30%

$0.76

-18.38%

 

 

Mt. Belview Ethane

Jan-26

$0.251

$0.255

-1.43%

$0.00

$0.27

-7.30%

$0.28

-8.87%

 

 

Mt. Belview Nat. Gasoline

Jan-26

$1.165

$1.177

-1.02%

-$0.01

$1.24

-5.88%

$1.37

-15.07%

 

 

Mt. Belvieu Butane LST

Jan-26

$0.793

$0.795

-0.24%

$0.00

$0.84

-5.58%

$0.89

-10.67%

 

 

Far East Propane

Jan-26

$5.000

$5.107

-2.11%

-$0.11

$5.00

-0.08%

$5.60

-10.73%

 

 

Saudi Propane

Jan-26

$4.972

$5.019

-0.92%

-$0.05

$4.91

1.33%

$5.33

-6.76%

 

 

 

 

Crude Oil

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/18/25

12/17/25

% Change

Change

11/19/25

% Change

12/18/24

% Change

 

 

WTI

Feb-26

$56.00

$55.81

0.34%

$0.19

$58.97

-5.04%

$66.62

-15.94%

 

 

Brent

Feb-26

$59.82

$59.68

0.23%

$0.14

$63.00

-5.05%

$70.28

-14.88%

 

 

WCS

Feb-26

-$13.40

-$13.35

0.36%

-$0.05

-$12.46

7.48%

-$12.55

6.73%

 

 

LLS

Feb-26

$57.69

$57.40

0.51%

$0.29

$59.97

-3.81%

$68.97

-16.36%

 

 

Mars

Feb-26

$54.78

$54.94

-0.29%

-$0.16

$58.67

-6.63%

$65.78

-16.72%

 

 

Sour

Feb-26

$56.41

$56.09

0.58%

$0.33

$58.93

-4.27%

$66.76

-15.49%

 

 

ESPO

Feb-26

$57.82

$57.68

0.24%

$0.14

$61.00

-5.21%

$68.28

-15.32%

 

 

 

 

Refined Products

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/18/25

12/17/25

% Change

Change

11/19/25

% Change

12/18/24

% Change

 

 

NY Heating Oil

Jan-26

$2.13

$2.15

-1.02%

-$0.02

$2.56

-16.73%

$2.23

-4.31%

 

 

NY Gasoline

Jan-26

$1.70

$1.70

-0.12%

$0.00

$1.85

-8.22%

$1.84

-7.87%

 

 

GC Gasoline

Jan-26

$1.56

$1.56

-0.13%

$0.00

$1.71

-8.89%

$1.74

-10.61%

 

 

GC Jet

Jan-26

$1.83

$1.92

-4.58%

-$0.09

$2.25

-18.58%

$2.15

-14.87%

 

 

Chicago Ethanol

Jan-26

$1.59

$1.60

-0.19%

$0.00

$1.59

0.13%

$1.58

0.95%

 

 

Rotterdam Gasoil

Jan-26

$548.58

$549.65

-0.19%

-$1.06

$594.05

-7.65%

$621.43

-11.72%

 

 

Singapore Jet Kero

Jan-26

$79.35

$79.75

-0.50%

-$0.40

$90.72

-12.53%

$87.61

-9.43%

 

 

 

 

Implied Volatilities

 

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/18/25

12/17/25

% Change

Change

11/19/25

% Change

12/18/24

% Change

 

 

Henry Hub Straddle

Feb-26

76.35%

69.12%

10.46%

7.23%

73.85%

3.39%

44.75%

70.61%

 

 

Algonquin Straddle

Feb-26

77.76%

70.79%

9.85%

6.97%

81.89%

-5.04%

49.99%

55.55%

 

 

Waha Straddle

Feb-26

137.25%

110.59%

24.11%

26.66%

102.81%

33.50%

58.62%

134.14%

 

 

Chicago Straddle

Feb-26

75.67%

69.46%

8.94%

6.21%

70.92%

6.70%

43.36%

74.52%

 

 

PJM West Straddle

Feb-26

84.28%

89.70%

-6.04%

-5.42%

83.21%

1.29%

71.09%

18.55%

 

 

SP – 15 Straddle

Feb-26

194.79%

197.71%

-1.48%

-2.92%

267.68%

-27.23%

61.24%

218.08%

 

 

Mid. C Straddle

Feb-26

19.55%

18.62%

4.99%

0.93%

74.08%

-73.61%

60.72%

-67.80%

 

 

 

 

Euro Gas and Power/LNG

 

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/18/25

12/17/25

% Change

Change

11/19/25

% Change

12/18/24

% Change

 

 

Dutch TTF

Feb-26

EUR 27.67

EUR 27.10

2.12%

EUR 0.57

EUR 31.06

-10.89%

EUR 39.27

-29.53%

 

 

NBP

Feb-26

GBP 72.54

GBP 70.57

2.79%

GBP 1.97

GBP 82.17

-11.72%

GBP 100.00

-27.46%

 

 

German Base

Feb-26

EUR 99.68

EUR 99.09

0.59%

EUR 0.59

EUR 104.19

-4.33%

EUR 99.76

-0.08%

 

 

UK Base

Feb-26

GBP 80.68

GBP 79.12

1.97%

GBP 1.56

GBP 85.33

-5.44%

GBP 85.50

-5.63%

 

 

French Base

Feb-26

EUR 75.18

EUR 72.15

4.20%

EUR 3.03

EUR 77.76

-3.32%

EUR 87.58

-14.16%

 

 

Italian Base

Feb-26

EUR 112.53

EUR 109.89

2.39%

EUR 2.63

EUR 114.51

-1.74%

EUR 118.10

-4.72%

 

 

JKM LNG

Feb-26

$9.60

$9.53

0.66%

$0.06

$11.55

-16.93%

$12.91

-25.69%

 

 

 

 

Freight Forwards (WET & DRY)

 

OTCGH/EOXLive Market Data

 

 

 

Contract

12/18/25

12/17/25

% Change

Change

11/19/25

% Change

12/18/24

% Change

 

 

TD3C FFA Middle East to China (WET)

Feb-26

$27.67

$27.10

2.12%

$0.57

$31.06

-10.89%

$39.27

-29.53%

 

 

USGC-UK Continent Dirty (WET)

Feb-26

$72.54

$70.57

2.79%

$1.97

$82.17

-11.72%

$100.00

-27.46%

 

 

TD20 West Africa to UK Continent (WET)

Feb-26

$99.68

$99.09

0.59%

$0.59

$104.19

-4.33%

$99.76

-0.08%

 

 

LPG FFA Middle East Gulf to East (WET)

Feb-26

$80.68

$79.12

1.97%

$1.56

$85.33

-5.44%

$85.50

-5.63%

 

 

TC5 FFA Arabian Gulf to Japan (WET)

Feb-26

$75.18

$72.15

4.20%

$3.03

$77.76

-3.32%

$87.58

-14.16%

 

 

Supramax Timecharter (DRY)

Feb-26

$112.53

$109.89

2.39%

$2.63

$114.51

-1.74%

$118.10

-4.72%

 

 

Capesize Timecharter (DRY)

Feb-26

$9.60

$9.53

0.66%

$0.06

$11.55

-16.93%

$12.91

-25.69%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Cooling Degree Days

 

 

 

 

 

 

12/13/2025

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

5

-3

0

2,121

174

-96

9.00%

-4.00%

 

 

E S Central

0

-1

0

1,787

241

-41

16.00%

-2.00%

 

 

W S Central

1

-2

-1

2,824

380

-87

16.00%

-3.00%

 

 

Mountain

0

0

0

1,342

99

-108

8.00%

-7.00%

 

 

Pacific

0

0

0

729

25

-190

4.00%

-21.00%

 

 

United States

1

-1

0

1,372

159

-66

13.00%

-5.00%

 

 

 

 

Heating Degree Days

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/13/2025

Week Tot

Dev Norm

Dev L YR

Cum Tot

CumD Norm

CumD L YR

CumD Norm

CumD L YR

 

 

New England

279

48

66

1,803

5

220

0.00%

14.00%

 

 

Middle Atlantic

265

51

75

1,542

-34

242

-2.00%

19.00%

 

 

E N Central

286

43

52

1,745

-29

245

-2.00%

16.00%

 

 

W N Central

291

22

46

1,688

-245

93

-13.00%

6.00%

 

 

South Atlantic

144

26

28

752

14

102

2.00%

16.00%

 

 

E S Central

170

18

15

926

-41

131

-4.00%

17.00%

 

 

W S Central

95

-15

-14

460

-122

44

-21.00%

11.00%

 

 

Mountain

136

-69

-49

1,188

-404

-157

-25.00%

-12.00%

 

 

Pacific

66

-58

-38

681

-235

-141

-26.00%

-17.00%

 

 

United States

184

8

21

1,136

-102

91

-8.00%

9.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

Weather Forecast & Seasonal Outlook

 

 

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